Characteristics Average price tag per table Total number of tables Initial overhead Expected daily demand by tables Cost of raw materials per table Cost of labor per hour per person Daily operating hours Total number of full-time servers Unit n/a Price per table # of tables Overhead Cost Daily Demand Per Table Per. Hour Per Day People per day Model 1 - Luxury Restaurant High-quality food, productive workers, high menu price, and limited demand 250 10 150,000 15 150 35 5 4 Model 2 - Typical Restaurant Average food, average workers, average menu price, and regular demand 85 18 70,000 30 45 15 10 6

Characteristics Average price tag per table Total number of tables Initial overhead Expected daily demand by tables Cost of raw materials per table Cost of labor per hour per person Daily operating hours Total number of full-time servers Unit n/a Price per table # of tables Overhead Cost Daily Demand Per Table Per. Hour Per Day People per day Model 1 - Luxury Restaurant High-quality food, productive workers, high menu price, and limited demand 250 10 150,000 15 150 35 5 4 Model 2 - Typical Restaurant Average food, average workers, average menu price, and regular demand 85 18 70,000 30 45 15 10 6

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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