A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial...
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A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial information is as follows: Item drinks meals. desserts Average Margin 60% 20% 70% Total Sales Dollars (in %) 40 50 10 What are total sales (in dollars) needed to make a profit of $200,000 if the sales mix remains constant? A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial information is as follows: Item drinks meals. desserts Average Margin 60% 20% 70% Total Sales Dollars (in %) 40 50 10 What are total sales (in dollars) needed to make a profit of $200,000 if the sales mix remains constant?
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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