Chapter 13 The Cost of Capital
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 ... ................
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