3. The Glass House Restaurant is open 24 hours per day serving breakfast, lunch and dinner....

Transcribed Image Text:

3. The Glass House Restaurant is open 24 hours per day serving breakfast, lunch and dinner. Fixed Costs are $42,000 per month. Variable Costs are $11.50 per meal. The average to tal bill is $15 per customer. Ignore taxes and tips. Required: Compute the number of meals that must be served if Glass House Restaurant wishes to earn a profit of $9,000 Compute the Break Even point in Units Compute the Break Even po int in Dollars Assume that fixed costs increase to $50,000. How many additional meals must be served for the restaurant to earn the same profit? 3. The Glass House Restaurant is open 24 hours per day serving breakfast, lunch and dinner. Fixed Costs are $42,000 per month. Variable Costs are $11.50 per meal. The average to tal bill is $15 per customer. Ignore taxes and tips. Required: Compute the number of meals that must be served if Glass House Restaurant wishes to earn a profit of $9,000 Compute the Break Even point in Units Compute the Break Even po int in Dollars Assume that fixed costs increase to $50,000. How many additional meals must be served for the restaurant to earn the same profit?

Answer rating: 100% (QA)

Sales 1500 Variable Cost 1150 Contribution Margin 350 Fixed Expenses per month 4200000 a Sales units ... View the full answer