Problem:
Bubba's Steakhouse has budget the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,610; depreciation, $640; and other fixed costs, $600. Each steak dinner sells for $12.30 each.
Required:
Question: How much would Shula's profit increase if 10 more dinners were sold?
Note: Please provide step by step solution.