Question 17 If, in a restaurant, food cost, labor cost, and other operating cost

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Question 17 If, in a restaurant, food cost, labor cost, and other operating costs total 60%, and indirect costs including net income are $42,000, then sales revenue required to provide the desired net income will be: $ 70,000 $252,000 $105,000 $168,000 10 points Question 18 Sales sales revenue in a restaurant open every day for a week is $5,296. The restaurant has 60 seats. Seat turnover is 1.5 per day. Average check is: $17.64 $11.76 $12.60 $ 8.41 10 points Question 19 A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. The selling price of the menu item is: $ 8.00 $12.50 $ 7.00 $20.00 10 points Question 20 A menu item has a food cost of $5.00 and the selling price is based on a 350% mark up. The selling price of the menu item is: $ 8.50 $12.50 $ 22.50 $20.50

Explanation / Answer

17 . If, in a restaurant, food cost, labor cost, and other operating costs total 60%, and indirect costs including net income are $42,000, then sales revenue required to provide the desired net income will be: Ans. C . $1,05,000 18 . Sales sales revenue in a restaurant open every day for a week is $5,296. The restaurant has 60 seats. Seat turnover is 1.5 per day. Average check is: Ans. D . $ 8.41 19 . A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. The selling price of the menu item is: Ans. B . $ 12.50 20 . A menu item has a food cost of $5.00 and the selling price is based on a 350% mark up. The selling price of the menu item is: Ans. C . $22.50

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