Reference no: EM131686279

1. A restaurant prepares 200.00 pizza slices and sells them at a rate of $12.00/slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $108.00 as monthly rental and $44.00 monthly as insurance. Restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 222.00 slices. Due to lack of availability vendor could not fulfill the demand and analyzed a lost sale as $6.00 per item. How much profit could the restaurant earn today? (Round to: 0 decimal places.)

2. For a furniture manufacturing plant, which of the following is an exogenous variable when modelling profit

a) Weather

b) Fuel Prices

c) Sales price of tables manufactured per year

d) Number of employees working in a plant

3. A vendor prepares 100.00 hotdogs every day and sells at $20.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.17 for packing each hotdog and monthly $56.00, $21.00, $11.00 as food truck rent, electricity and other expenses respectively. On a particular day in June 104.00 people came wanting the hotdog. Vendor thinks $4.00 per lost sale. Determine vendor’s profit for that day? Assume there are 30 days in the month. (Round to: 2 decimal places.)

4. A restaurant sells pizza at a rate of $12.80/slice. Expenses for the restaurant include raw material for pizza at $7.80 per slice, $182.00 as monthly rental and $56.00 monthly as insurance. How many slices should the restaurant sell in a month to break even? (Round to: 0 decimal places.)

5. A restaurant prepares 200.00 pizza slices and sells them at a rate of $10.00/slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $106.00 as monthly rental and $45.00 monthly as insurance. Restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 210.00 slices. Due to lack of availability vendor could not fulfill the demand and analyzed a lost sale as $6.00 per item. How much profit could the restaurant earn today? (Round to: 0 decimal places.)

6. A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece. For each hot dog, he spends $12.00 in the raw material. Additionally he spends $1.00 for packing each hotdog and monthly $50.00, $20.00, $10.00 as food truck rent, electricity and other expenses respectively. On a particular day in June it rained heavily so vendor was able to sell only 80.00 hot dogs. For finishing the stock he sold remaining hotdogs for $5.00/piece. Determine vendor’s profit for that day? Assume there are 30 days in the month. (Round to: 2 decimal places.)

7. For a table manufacturing company, selling price for a table is $58.00 per Unit, Variable cost is $18.00 per Unit, labor charge is $12.05 per Unit, rent is $616.00 per month and transportation is $10 per 10 tables. If 50 tables are sold in a month how much is the fixed cost for that month? (Round to: 0 decimal places.)