a . Variable cost at Riverside hotel are (i) cost incurred on piece of meat amounting to $7 and (ii) .Salad costing $1.
Fixed cost are cost are cost related to preparing of meal, and the cleaning cost that is incurred as and when worker finishes his or her meal.
Sunk cost are the overhead cost like the cost of the oven that the prime rib is cooked in and heating, lighting, Power etc all are sunk cost as they have already been incurred and is of no use in decision making.
b . Source of conflict is the indirect cost being charged by the management in the cost of food like overhead cost, cleaning cost etc. which is increasing the cost of the meal for the workers. following changes can be made in labor agreement :-
Workers shall receive a discount of $12 for one meal per shift on the cost of meal. Cost of meal for this purpose shall in addition to direct cost of the meal will also includes indirect cost like overead cost, power , electricity, lighting , cleaning etc. incurred on consumption of meal allocated on a reasonable basis.
CASE 1-1 LOCAL 635 [LO 2, 51 Local 635 represents kitchen workers at hotels in sev-...
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CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...