Question: This is all about Math cost control. Answer what is required. Provide and clear handwritten complete solutions thank you. Minimize erasures. CoursHeroTranscribedText: 1. The owner
This is all about Math cost control. Answer what is required. Provide and clear handwritten complete solutions thank you. Minimize erasures.

CoursHeroTranscribedText: 1. The owner of the Happy Lang Restaurant estimates that fixed costs for the coming year will be 360.000. Based on his Investment In the business, he wants a profit of 120,000 for the year. Experience has shown that the average check is 12,00. al If the total variable cost is 720.000. what level of sales will be required to earn the target restaurant profit? b) Given total variable cost and total sales figures calculated in Question lla, what variable rate is the owner projecting? c) Given the variable rate calculated in Question 11b. determine the contribution rate. d) Given the contribution rate calculated in Question 11c, determine the average contribution margin based on a 12.00 average sale. el At what level of sales will the restaurant break even
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
