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What are fixed costs? Provide an example. What are variable costs? Provide an example. How can labour costs be both fixed and variable?

What are fixed costs? Provide an example.

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What are variable costs? Provide an example.

________________________________________________________________________________________________________________________________________________________________________________________________

How can labour costs be both fixed and variable?

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What is a non-controllable cost? Provide an example.

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What is a unit cost?

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You know the following about a restaurant: $10,000 in sales in a week, 500 seats in the restaurant, 1,000 customers for the week, costs for the week are $8.000

What is the total sale per seat?

What is the average check?

What is the seat turnover for the week?

What is the cost percentage?

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