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You are opening a restaurant in the hotel. Here are the facts: Sales Price -...

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Accounting

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You are opening a restaurant in the hotel. Here are the facts: Sales Price - Breakfast- $20 per meal Sales Price - Lunch - $30 per meal Sales Price - Dinner - $70 per meal Variable cost - Breakfast - $5 per meal Variable cost - Lunch - $10 per meal Variable cost - Dinner - $20 per meal Salaries - $36,000 Rent $16,000 Restaurant meal mix: Breakfast - 60%, Lunch - 10\%, Dinner-30\% Answer the following: 1) Total Fixed Costs: 2) Weighted Contribution Margin: 3) How many Dinners need to be sold to breakeven? 4) How many Lunches need to be sold to breakeven: 5) How many Breakfast need to be sold to breakeven

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