Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When an operation reaches its break-even point the operation's revenue will equal its fixed expenses. variable expenses. controllable expenses. fixed plus variable expenses. Last year
When an operation reaches its break-even point the operation's revenue will equal its fixed expenses. variable expenses. controllable expenses. fixed plus variable expenses. Last year a manager's operation achieved a 35% food cost on sales of $800,000. For next year, the manager anticipates a 5% increase in the prices he will pay for food. What should the manager estimate next year's food cost percentage to be if he does not raise his menu prices? 36.00% 36.75% 40.00% 40.75% Involuntary separation occurs when an employee, rather than the employee's manager, makes the decision for the employee to leave an organization. True False In a food service operation, a fixed expense percentage declines as sales volume declines. True False As sales volume increases, an operation's mixed-expense percentage decreases while the total dollar amount of the mixed expense increases. True False Prime costs in a restaurant include its food, beverage and labor costs. True False
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