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Vine Dining seats 80 and operates from 6pm until late from Tuesday to Sunday except in late February and early March where the restaurant is
Vine Dining seats 80 and operates from 6pm until late from Tuesday to Sunday except in late February and early March where the restaurant is closed to allow all staff including Sophie and her family an annual holiday for a total of 318 operating days. Generally, two sittings (that is, 160 people) can be served each day. The average spend per customer is $65 and variable costs per customer is $16.50. Fixed salaries and other overheads is $847,750 per annum. No of Cust's Days open Variable Cost per 28 21 21 27 28 27 28 28 27 28 27 28 4,480 2,502 3,310 4,007 3,986 3,722 3,131 3,575 4,250 3,698 4,104 4,480 517 $17 517 515 515 $15 515 515 519 $19 517 $17 March a) Based on annual averages, calculate I. Break-even point in units and dollars Il Break-even point in units and dollars where a target profit of $1,100,000 is identified- assume an even split of revenue per month Break-even point in units and dollars where the target profit used in b is after tax. Ill. b) Based on monthly information, calculate I. Break-even point in units and dollars Il Break-even point in units and dollars where a target profit of $1,100,000 is identified lll. Break-even point in units and dollars where the target profit used in b is after tax. Vine Dining seats 80 and operates from 6pm until late from Tuesday to Sunday except in late February and early March where the restaurant is closed to allow all staff including Sophie and her family an annual holiday for a total of 318 operating days. Generally, two sittings (that is, 160 people) can be served each day. The average spend per customer is $65 and variable costs per customer is $16.50. Fixed salaries and other overheads is $847,750 per annum. No of Cust's Days open Variable Cost per 28 21 21 27 28 27 28 28 27 28 27 28 4,480 2,502 3,310 4,007 3,986 3,722 3,131 3,575 4,250 3,698 4,104 4,480 517 $17 517 515 515 $15 515 515 519 $19 517 $17 March a) Based on annual averages, calculate I. Break-even point in units and dollars Il Break-even point in units and dollars where a target profit of $1,100,000 is identified- assume an even split of revenue per month Break-even point in units and dollars where the target profit used in b is after tax. Ill. b) Based on monthly information, calculate I. Break-even point in units and dollars Il Break-even point in units and dollars where a target profit of $1,100,000 is identified lll. Break-even point in units and dollars where the target profit used in b is after tax
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