Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do all requirments The Purelfe BuAtet okles an al-you-can-eat buffet meal for $32 per person. The restaurant employs ten salaried employees. Rent for the

please do all requirments image text in transcribed
The Purelfe BuAtet okles an al-you-can-eat buffet meal for $32 per person. The restaurant employs ten salaried employees. Rent for the bulding, employee salaries, and other fred costs for the restaurant are $190,500 per monet when the restaurant serves meals up to 13,500 guests in that month, If the restauant were to serve more than 13,500 guests in any given month, it would need to Hire two adstional servers and two additional khchen staff for an additional fixed cost of $25,000 per month. The varable cost of food is $14 per guest. Fiesd the regurements. Requirement 1. What is the restauranr's cost equation for estimatng costs it the number of guests to be served is up to 13 soo guests per month? y=x+ Requirements 1. What is the restaurant's cost equation for estimating costs t the number of quests to be served is up to 13.500 guests per manth? 2. If the restaurant were to serve 12,700 guesth in May, what wouls be the a. Ertimated tetal cost? (Use the cost equation trom Requrement 1.3 b. Averagn cont per gues?? 3. It the testaurart were io seree 11,200 gonsts in tuhe, what would be the a. Esinated tolal cost osing the cost equasion trom Requicement 1? b. Estimaned total cost wing the average per puest cont from Pequirement 2b ? c. Wey in there a difnerence in the the cost estimalev? 4. What is the resiauants cost equation for estmuting costs the nuaber of guests to be served is more than 13,500 guest per menth? 5. If the restaurant were to serve 14,100 guests in duly, what weuld be pe nvimated lotai cont? (Uve the cost equaben from Reouirerent 4)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What are the steps involved in writing an agenda for a meeting?

Answered: 1 week ago

Question

explain what is meant by experiential learning

Answered: 1 week ago

Question

identify the main ways in which you learn

Answered: 1 week ago