Cost per meal formula
Houston Community College
The cost formula for catering supplies is $430 per month plus $99 per job plus $10 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in March to be 12 jobs and 126 …
[DOC File]FOOD SERVICE FORMULA MATH PROBLEMS
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Cost per meal: total cost/# of meals prepared. $2400/130 = $18.46 per meal. $20.00 - $18.46 = $1.54. Under budget by $1.54 per meal or $200.20 total. In order to keep your budget in line, you need to keep your average cost per meal at $2.00. If you serve 325 people, what should your total cost be? 325 people x $2.00 per meal = $650.00 total ...
[DOC File]AGENDA: COST BEHAVIOR
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Intercept (fixed cost) $2,433 Slope (variable cost) $1.68 R2 0.99 The fixed cost is therefore $2,433 per month and the variable cost is $1.68 per meal served, or: Y = $2,433 + $1.68X, where X is meals served. R2 is a measure of the goodness of fit of the regression line.
[DOCX File]ECAS Commercial Vendor Meal Contract
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Formula. No. of serving days in the school year. Estimated No. of meals per day. Current meal cost per meal (or) snack. This calculation must be completed separately for each meal type offered then added to determine the total cost of the contract. After. the. procurement. process,
[DOC File]GEORGIA DIVISON OF AGING SERVICES
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Vendor Meal Contract – Congregate – Total annual contract for congregate meals (total annual number of meals multiplied by the unit cost per meal) On-Site or Central Kitchen Preparation: Raw Food Costs – Annual projected raw food costs used in the preparation of the meals (Example - meat, fruit, canned goods, vegetables, etc.)
[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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(a.) Using the high-low method, derive the cost formula for truck operating costs. (b.) Using the cost formula you derived above, what total cost would you expect the company to incur in connection with the truck if it is driven 130,000 miles in a year? Level: Easy LO: 1,3 . Ans: (a) $4,000 ÷ 50,000 miles = $0.08 per mile variable cost
[DOC File]Module 1 – Domain I
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16. You have fixed costs of $5000. Your labor costs are $1.20 per meal and food costs are .75 cents per meal. If you sell your meals for $5.00 each, how much money per meal can be put towards fixed costs after paying variable costs? Correct a. $1.95 b. $1.20 c. not enough information to answer d.
[DOC File]WHAT IS MANAGEMENT
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Using the formula, you can plug in the data and calculate the break even volume: total fixed costs of $440,000, variable cost of $15, and a sale price of $27. Subtracting $15 from $27 shows that you would make $12 per sale. Total fixed cost (FC) . Price of 1 unit — Variable cost of 1 unit. $40,000 . $27 - $15
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