CourseLover

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Teaching Since: May 2017
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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Management Posted 22 Dec 2017 My Price 5.00

to add 10% of variable cost as a waste allowance

Question:

Item Selling price ($) Variable Cost ($) % of revenue
Soft Drink 1.00 0.65 25
Wine 1.75 0.95 25
Coffee 1.00 0.30 30
Candy 1.00 0.30 20

 

Last  year's manager had advised you to be sure to add 10% of variable cost as a waste allowance for all categories.

You estimate the labor cost to be $250.00 (5 booths with 2 people each). Even if you don't sell anything, labor cost will still be $250. Booth rental, contractual cost, is $50 per booth, is also fixed cost.

a) What is the break-even revenue per evening performance?

b) How much wine would you expect to sell each evening at the break-even point?

Please mark you answers as clearly as possible and show your work (calculations)

 

Answers

CourseLover
(12)
Status NEW Posted 22 Dec 2017 06:12 AM My Price 5.00

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