Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer it in typing style instead of hand written. I am grateful for your help and will vote you thumbs up! Task Sawadee is
please answer it in typing style instead of hand written. I am grateful for your help and will vote you thumbs up!
Task Sawadee is a Thai restaurant located at Quarry Bay. It has 55 seats and operates 12 hours a day. There are two new catering outlets located near Sawadee opened in March 2021. Since then, the sales of Sawadee dropped. Below are the expenses of Sawadee in June 2021: $ Advertising Casual Wages (10% of sales revenue) Depreciation Food and beverage cost (25% of sales revenue) General and administration Other Fixed Cost Other Variable Cost (3% of sales revenue) Rent and Rates Staff Salaries Utilities 8,000 38,800 12,000 97,000 5,000 40,000 11,640 250,000 120,000 45,000 a) Find the Revenue Per Available Seat Hour (RevPASH) of Sawadee in June 2021. (6 marks) b) All fixed costs and the proportion of variable costs in July 2021 are the same as in June 2021, and the forecast of check average is $135. i) Determine the breakeven in sales level (in terms of sales revenue and number of covers served) in July 2021. (7 marks) ii) Draw a breakeven graph to identify the breakeven level. You should indicate the fixed costs and the breakeven level in sales revenue and units sold on the graph. (8 marks) Task Sawadee is a Thai restaurant located at Quarry Bay. It has 55 seats and operates 12 hours a day. There are two new catering outlets located near Sawadee opened in March 2021. Since then, the sales of Sawadee dropped. Below are the expenses of Sawadee in June 2021: $ Advertising Casual Wages (10% of sales revenue) Depreciation Food and beverage cost (25% of sales revenue) General and administration Other Fixed Cost Other Variable Cost (3% of sales revenue) Rent and Rates Staff Salaries Utilities 8,000 38,800 12,000 97,000 5,000 40,000 11,640 250,000 120,000 45,000 a) Find the Revenue Per Available Seat Hour (RevPASH) of Sawadee in June 2021. (6 marks) b) All fixed costs and the proportion of variable costs in July 2021 are the same as in June 2021, and the forecast of check average is $135. i) Determine the breakeven in sales level (in terms of sales revenue and number of covers served) in July 2021. (7 marks) ii) Draw a breakeven graph to identify the breakeven level. You should indicate the fixed costs and the breakeven level in sales revenue and units sold on the graph. (8 marks)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started