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Prob 5. The following information is given to you relating to the costs of serving breakfast to hotel guests: Cost of raw materials per
Prob 5. The following information is given to you relating to the costs of serving breakfast to hotel guests: Cost of raw materials per plate Cost of direct labour per guest Fixed overhead costs $4 $2 $900 The revenue manager finds that on an average at least 90 guests always come for breakfast. He is trying to determine the price for breakfast assuming he expects to earn a 25% profit on cost per day.
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