Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owner of Marshal Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the restaurant and wait staff
The owner of Marshal Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the restaurant and wait staff can make and serve 10,000 pizzas per month. The variable cost (for example, Ingredients) of each pizza is $1.55 Monthly fixed costs (for example, depreciation, property taxes, business license, and manager's salary) are $12,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made chart for Requirement 1) (Click the icon to Read the rements Requirement 1. Use the chart below to provide the owner with the cost information. Then use the mpleted chart to help you answer the remaining questione (Enter total vanable costs to the nearest dolar Enter ests per pizza price per and profit per pizza nearest cent Monthly pizza volume. 6,000 7,500 10,000 Total fixed costs Total variable costs Total costs Fixed cost per pizza Variable cost per pizza Average cost per pizza. Selling price per pizza Average profit per pizza 6.25 $ 6.25 $
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