The Anytown Restaurant has recorded the following financial information: Food costs $365,000 Labor costs $315,000 $224,000...

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The Anytown Restaurant has recorded the following financial information: Food costs $365,000 Labor costs $315,000 $224,000 All other costs (including fixed costs) Net income (profit) Number of guests served $76,000 89,000 a. What is Anytown Restaurant's revenue? h What is Anytown Restaurant's guest check average? c Assume the Anytown Restaurant has fixed costs of $95,000; what are its variable costs? (Hint: all costs - fixed costs = variable costs.) d. What is the variable cost per guest? e. How many guests must the restaurant serve to break even? 1. How many guests must be served to have a net income (profit) of $105,000? & Assume that Anytown Restaurant serves only 84,000 guests. What will be its net income (loss)? The Anytown Restaurant has recorded the following financial information: Food costs $365,000 Labor costs $315,000 $224,000 All other costs (including fixed costs) Net income (profit) Number of guests served $76,000 89,000 a. What is Anytown Restaurant's revenue? h What is Anytown Restaurant's guest check average? c Assume the Anytown Restaurant has fixed costs of $95,000; what are its variable costs? (Hint: all costs - fixed costs = variable costs.) d. What is the variable cost per guest? e. How many guests must the restaurant serve to break even? 1. How many guests must be served to have a net income (profit) of $105,000? & Assume that Anytown Restaurant serves only 84,000 guests. What will be its net income (loss)?

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