11. The Alibi Restaurant is normally open for business until 8:00 P.M. Recently,

Question

11. The Alibi Restaurant is normally open for business until 8:00 P.M. Recently, business has been getting better during the time period just before closing, and the manager is attempting to determine the viability of remaining open until 9:00P.M. She estimates her additional costs for the extra hour as follows: Labor $75.00 Heat, light, and gas $12.00 Variable cost of food, beverage, etc. 40% of sales a. what additional sales are necessary for the manager to break even exactly on the extra hour of opening? b. If the manager were able to obtain $280 in sales volume for the extra hour, what income could be applied     to normal overhead expenses? 12. A restaurant's income statement shows the following cost and sales structure: Sales $450,000.00 Fixed costs $135,000.00 Directly variable costs $120,000.00 What must the semivariable cost figure be if the restaurant is to show a profit of $30,000? 11. The Alibi Restaurant is normally open for business until 8:00 P.M. Recently, business has been getting better during the time period just before closing, and the manager is attempting to determine the viability of remaining open until 9:00P.M. She estimates her additional costs for the extra hour as follows: Labor $75.00 Heat, light, and gas $12.00 Variable cost of food, beverage, etc. 40% of sales a. what additional sales are necessary for the manager to break even exactly on the extra hour of opening? b. If the manager were able to obtain $280 in sales volume for the extra hour, what income could be applied     to normal overhead expenses? 12. A restaurant's income statement shows the following cost and sales structure: Sales $450,000.00 Fixed costs $135,000.00 Directly variable costs $120,000.00 What must the semivariable cost figure be if the restaurant is to show a profit of $30,000?

Explanation / Answer

Answer :

11.There is some data missing , cant answer this one.Need sales or fixed cost data....

12. A restaurant's income statement shows the following cost and sales structure:

Less :Profit $ 30,000.00

Semi Variable Costs $165,000.00

12. A restaurant's income statement shows the following cost and sales structure:

Sales $450,000.00 Fixed costs $135,000.00 Directly variable costs $120,000.00

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