Question: A restaurant has variable costs of $ 7 6 , 2 4 4 and fixedcosts of $ 4 9 , 9 0 2 for a

A restaurant has variable costs of $76,244 and fixedcosts of $49,902 for a month. The profit for that month is $3,870. What is the variable rate?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Presented below is the post-closing trial balance for Horner Co. The subsidiary ledgers contain the following information: (1) accounts receivable- B. Hannigan $2,500, I. Kirk $7,500, and T. Hodges...

Q:

2. Suppose that a perfectly competitive firm has the following total variable costs ( TVC): Quantity: T. 2 4 5 TVC: 50 56 5 11 $ 15 5 18 $ 22 5 28 It also has total fixed costs ( TFC ) of 5 6. If the...

Q:

2. Suppose that a perfectly competitive firm has the following total variable costs ( TVC): Quantity: T. 2 4 5 TVC: 50 56 5 11 $ 15 5 18 $ 22 5 28 It also has total fixed costs ( TFC ) of 5 6. If the...

Q:

XYZ Company mancare and sellsingle produit Cost data for the product is listed follow $10 Product Cast Data home Direct matals Directo Variable factory overhead Variable selling and administrative...

Q:

The company manufactures and sells two types of products. Information on the company's projected performance is as follows: Characteristics Product types Total A B 1. Production plan, proportion 1...

Q:

Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: Unit sales price Unit variable costs M. $ 7 3 N $ 4 2 EA O Wo Total fixed costs...

Q:

Reposted, can you please help correct them! thank you! a. b. c. Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follow5. 1....

Q:

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Q:

wnload Great Tamale Handout.doc (86.5 KB) Page of 12 Alternative 2 - Restaurant Nathan and Cody notice there is stiff competition in the food cart and food truck industries and therefore are...

Q:

Please Answer New Original and Change. Both green and yellow Launch it $ 6.00 Jake's Pet Supplies Pro Forma Contribution Margin Income Statement For the month ending In 30 Procart Unit CM CMS...

Q:

Hello, Can you help me with this assignment? the instruction for this assignment is in the attachment below CIS 1220 Final Exam Problem Statement Fashion Impressions is a designer clothing...

Q:

IT Sayang Bhd is a public listed company dealing with household utensil and equipment. The followings are the Statement of Financial Position of Sayang Bhd. Bayang Bhd and Dayang Bhd as at 31...

Q:

Are advanced receipts from customers treated as revenue at the time of receipt? Why or why not? a. Yes, they are treated as revenue at the time of receipt because the company has access to the cash....

Q:

REI sells inowboards Assurnet the following information relates to kers purchmes of nowbousduring September. During the same month, 1 0 2 snowboards were sold. \ table [ [ Date ,...

Q:

Lea Austen and Dani Austen are your tax clients. They have been married for two years. Dani has progressed quickly in SR Prof Corp, the large publicly traded firm she is working for. Lea's company...