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Determine your contribution margin and operating income

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1. You were asked to cater a buffet for 70 people at $18 per person. Your variable costs average 68%, and fixed costs are $100 per day. Determine your contribution margin & operating income. Should you accept the proposal?

2. You have decided to allocate $12,000 of indirect costs to your café and bar operations based on square footage used. The café occupies 2,200 square feet and he bar occupies 580 square feet. How much of the $12,000 of indirect costs will be allocated to the café?

(Please explain how to do these! I think I am getting them wrong & am very confused)

Reference no: EM131751574

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