I need help with managerial accounting

Mar 20th, 2015
Price: $10 USD

Question description

2) ABC Seafood is a beach side restaurant in Maine. The fixed costs per month total $21,000. The average meal price is approximately $19 per customer meal. Variable costs per meal amount to $8.75 per meal. How many meals must be served to earn a net profit of $10,500 per month?

b) Calculate the break-even point in number of meals served each month

c) Assume that fixed costs increase to $23,000 per month and variable costs rise to $9.25 per month. If ABC raises their average meal price to $22, how many meals must be served to make a net profit of $9,000 per month??

Tutor Answer

(Top Tutor) Daniel C.
School: University of Virginia

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Mar 20th, 2015
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