Use the cvp and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi product restaurant with total fixed costs of $150,00 from the information Sales mix contribution margin food 60% 40% Beverage 40% 70%

Use the cvp and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi product restaurant with total fixed costs of $150,00 from the information Sales mix contribution margin food 60% 40% Beverage 40% 70%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use the cvp and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi product restaurant with total fixed costs of $150,00 from the information

Sales mix contribution margin

food 60% 40%

Beverage 40% 70%

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