At Professor Jacks seafood cuisine, monthly fixed costs are $122,500 with a variable cost per...
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Accounting
At Professor Jacks seafood cuisine, monthly fixed costs are $122,500 with a variable cost per meal of $17. The average selling price per meal is $54.00.
- What is the number of meals sold to breakeven?
- What is the contribution margin?
- If the owner wants a profit of $50,000 per month, how many meals do they need to sell?
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