Bobby's Bistro, a 24 hour, 7 days per week operation, specializes in a Super Deal Meal...

 

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Bobby's Bistro, a 24 hour, 7 days per week operation, specializes in a Super Deal Meal selling for a price in dollars and cents equal to twice the first two digits of your AUID divided by 10 (for example, [249/10-$9.80. The daily fixed costs of the operation are equal to the third through sixth digits of your AUID expressed in dollars (for example, $5282) NOTE: If the third digit of your AUID-0, then use the fourth through seventh digits. Variable costs per meal are equal to the fifth through seventh digits of your AUID expressed in dollars and cents (for example, $7.31). NOTE: If the fifth digit of your AUID = 0, then use the sixth, seventh and first digit in that order. Bobby's operating capacity in terms of daily meals delivered is equal to 25% of the third through sixth digits of your AUID rounded to the nearest unit (for example, 25(8626) - 2156.5=2157. Dally delivery of meals averages 90% of capacity to the nearest meal (for example, .90 2157-1941.3-1941). NOTE: If the third digit of your AUID = 0, then use the fourth through seventh digit. Given Bobby's location, customers generally have to wait 10 to 15 minutes to be seated. Required: NOTE respond to either a, b, c, e, f or a, b, d, e, f depending on your response to part b. a. What is the average cost per meal delivered by Bobby's Bistro? Show your work and round your answer to the nearest cent b. Does Bobby's operation generate enough sales to break even? Respond yes or no and show your work. Your calculations should be to the nearest dollar c. If your response to item b is yes, by what percent would Bobby' profits increase if delivery of meals increased by 5%? Show your work and round your answer to the nearest percent. If your response to item b is no, ignore this question and proceed to d d. If your response to item b is no, what would Bobby's unit contribution margin have to be to break even at the current level of meals served? Show your work and round your answer to the nearest cent e. Suppose a busload with a troop of 30 scouts stops at Bobby's on its way home from a field trip to a nearby national forest. The leader offers to bring in the troop if all can be served a meal for a total of $195. Should Bobby's accept or reject the offer? Respond accept or reject and show your work to the nearest dollar. f. The operator of the nearby national forest has offered Bobby's a one-year contract to serve 250 of the national forest employees one meal per day at a price of $6.00 per meal. Does Bobby's have the capacity to meet the terms of the contract? Respond yes or no and show your work. Bobby's Bistro, a 24 hour, 7 days per week operation, specializes in a Super Deal Meal selling for a price in dollars and cents equal to twice the first two digits of your AUID divided by 10 (for example, [249/10-$9.80. The daily fixed costs of the operation are equal to the third through sixth digits of your AUID expressed in dollars (for example, $5282) NOTE: If the third digit of your AUID-0, then use the fourth through seventh digits. Variable costs per meal are equal to the fifth through seventh digits of your AUID expressed in dollars and cents (for example, $7.31). NOTE: If the fifth digit of your AUID = 0, then use the sixth, seventh and first digit in that order. Bobby's operating capacity in terms of daily meals delivered is equal to 25% of the third through sixth digits of your AUID rounded to the nearest unit (for example, 25(8626) - 2156.5=2157. Dally delivery of meals averages 90% of capacity to the nearest meal (for example, .90 2157-1941.3-1941). NOTE: If the third digit of your AUID = 0, then use the fourth through seventh digit. Given Bobby's location, customers generally have to wait 10 to 15 minutes to be seated. Required: NOTE respond to either a, b, c, e, f or a, b, d, e, f depending on your response to part b. a. What is the average cost per meal delivered by Bobby's Bistro? Show your work and round your answer to the nearest cent b. Does Bobby's operation generate enough sales to break even? Respond yes or no and show your work. Your calculations should be to the nearest dollar c. If your response to item b is yes, by what percent would Bobby' profits increase if delivery of meals increased by 5%? Show your work and round your answer to the nearest percent. If your response to item b is no, ignore this question and proceed to d d. If your response to item b is no, what would Bobby's unit contribution margin have to be to break even at the current level of meals served? Show your work and round your answer to the nearest cent e. Suppose a busload with a troop of 30 scouts stops at Bobby's on its way home from a field trip to a nearby national forest. The leader offers to bring in the troop if all can be served a meal for a total of $195. Should Bobby's accept or reject the offer? Respond accept or reject and show your work to the nearest dollar. f. The operator of the nearby national forest has offered Bobby's a one-year contract to serve 250 of the national forest employees one meal per day at a price of $6.00 per meal. Does Bobby's have the capacity to meet the terms of the contract? Respond yes or no and show your work.

Answer rating: 100% (QA)

a The average cost per meal delivered by Bobbys Bistro is 775 Calculation Fixed CostsMeal Delivered 52821941 272 Variable CostsMeal 731 Total CostMeal ... View the full answer