Question
Spice restaurant has 100 seats Average check = $ 45; Average Variable Cost = $15 per meal; Annual Fixed Cost = $750,000 What is the
Spice restaurant has 100 seats
Average check = $ 45; Average Variable Cost = $15 per meal; Annual Fixed Cost = $750,000
What is the number of meals that need to be sold to breakeven in a year?
What are the sales needed to breakeven? (Use the method of using # of meals with its selling price)
Opening Inventory (OI) $75,000
Purchases (P) $35,000
Ending Inventory (EI) $15,000
What is the Cost of Goods?
What is the Average Inventory?
What is Inventory Turnover?
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
