EX.1 If sales revenue is $7,600 and variable costs are $3,040, what is the variable cost percentage?

Sales
Variable cost
Variable rate Variable Cost Formula: If sales revenue is $158,000 and variable costs are 44 % what is the dollar contribution margin? Sales Variable cost Contribution in dollars Dollar Contribution Formula: You are asked to cater a buffet for 70 people at $18/person. Your variable cost is 72% and fixed costs are $400 per day. Calculate contribution margin in dollars and operating income. Should you accept? Customer count Price Variable cost 72% Fixed cost Revenue Variable cost at 72%% Contribution margin Fixed cost Operating income Should you accept the catering job? Use the High-Low Method with the following data to determine the variable cost per guest and the total fixed costs, using both the high and the low data to confirm calculations Guests Labor Cost Maximum 28,000 35,500 Minimum 24,000 31,000 Difference or Variable Cost per Guest Maximum Labor Cost Variable Cost for High Data Fixed Cost Minimum Labor Cost Variable Cost for Low Data Fixed Cost You are offered a five year lease at a fixed cost of $150,000 per year or a variable lease rate equal to 9% of revenue. Sales are projected to be $1,700,000. Find the indifference point and determine which lease offer you would accept. Fixed lease cost $150,000 Variable lease rate 9% Sales projection $1,700,000 Indifference point Which option would you choose and why?