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The Glass House Restaurant is open 24 hours per day serving breakfast, lunch and dinner. Fixed Costs are $42,000 per month. Variable Costs are $11.50
The Glass House Restaurant is open 24 hours per day serving breakfast, lunch and dinner. Fixed Costs are $42,000 per month. Variable Costs are $11.50 per meal. The average total bill is $15 per customer. Ignore taxes and tips. Required: Compute the number of meals that must be served if Glass House Restaurant wishes to earn a profit of $9,000 Compute the Break Even point in Units Compute the Break Even point in Sales Dollars Assume that fixed costs increase to $50,000. How many additional meals must be served for the restaurant to earn the same profit? Sales Variable Cost Contribution Margin Fixed Expenses
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