A restaurant has sales of $300,000 during the same period in which its variable costs are...

Transcribed Image Text:

A restaurant has sales of $300,000 during the same period in which its variable costs are $185,300 and its fixed costs are $103,000. What are the restaurant's profits for this period? 2. Using the information from question 1, calculate the restaurant's variable rate. 3.A restaurant has a variable rate of 0.584. In one month its variable costs are $72,487. What should sales be for that month? 4. What is the contribution rate for a company with a variable rate of 0.6647 5. Variable rate covers all variable costs. What does the contribution rate cover? 6. A restaurant has variable costs of $76.244 and fixed costs of $49,902 for a month. The profit for that month is $3,870. Calculate the total sales dollars, variable rate, and contribution rate for this restaurant. 7. If a restaurant has a variable rate of 0.574 and annual fixed costs of $288,750, what will the profit or loss be on $650,000 in annual sales? *Using the information in question 7, what will the profit or loss be if annual sales are $750,000? 9. What is the annual break-even point in sales for a restaurant with a variable rate of 0.673 and annual fixed costs of $187,500? What is the break-even point in number of customers if the guest check average is $67.87? 10. If the owner of the restaurant in question 9 wants to make $20,000 in profit, how many dollars in sales must the restaurant generate? How many customers does that represent? A restaurant has sales of $300,000 during the same period in which its variable costs are $185,300 and its fixed costs are $103,000. What are the restaurant's profits for this period? 2. Using the information from question 1, calculate the restaurant's variable rate. 3.A restaurant has a variable rate of 0.584. In one month its variable costs are $72,487. What should sales be for that month? 4. What is the contribution rate for a company with a variable rate of 0.6647 5. Variable rate covers all variable costs. What does the contribution rate cover? 6. A restaurant has variable costs of $76.244 and fixed costs of $49,902 for a month. The profit for that month is $3,870. Calculate the total sales dollars, variable rate, and contribution rate for this restaurant. 7. If a restaurant has a variable rate of 0.574 and annual fixed costs of $288,750, what will the profit or loss be on $650,000 in annual sales? *Using the information in question 7, what will the profit or loss be if annual sales are $750,000? 9. What is the annual break-even point in sales for a restaurant with a variable rate of 0.673 and annual fixed costs of $187,500? What is the break-even point in number of customers if the guest check average is $67.87? 10. If the owner of the restaurant in question 9 wants to make $20,000 in profit, how many dollars in sales must the restaurant generate? How many customers does that represent?

Answer rating: 100% (QA)

1 To calculate the restaurants profits we subtract the total variable costs and fixed costs from the sales Profits Sales Variable Costs Fixed Costs 30... View the full answer