MGT100 – Introduction To Accounting

Part A
1) Miriam’s sister also has a business called Jasmine’s Munchies’ that prepares lunches for sale each day, 5 days a week, from Jasmine’s lunch bar.The variable costs to make each lunch average $3.00 per lunch.The average sale price for each lunch is $8.99.Jasmine’s weekly fixed costs (advertising, rates, mortgage interest and others) total $410 per week.
a) What is Jasmine’s average contribution margin per lunch?
b) Calculate the average number of lunches Jasmine must make and sell each week to break even.
c) Jasmine has a target profit of $3,100 per week. How many lunches must she sell on average each week to achieve this goal?


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