A 100-seat restaurant serving dinner only is preparing an operating budget for the coming

year. The average check is $18.50, with an average seat TO of 1.75 and the restaurant

operates 300 days/yr. Variable costs average 54% of sales revenue and fixed costs are

$261,000/yr. Prepare a forecasted income statement using the contribution margin method to determine operating income.

Answer rating: 100% (QA)

To prepare a forecasted income statement using the contribution margin method we need to calculate t... View the full answer