Year 2012 2013 2014 2015 60,000 15,000 45,000 6,000 90,000 17,000 67,500 8,500 30,000 7,500 22,500 3,700 60,000 17,000 38,000 4,700 Salary Benefits Food Consumed Total Direct Expense: Total Meals Served: 126,000 183,000 68,200 119,700 65,898 97,123 34,455 67,318 Total Revenue: 135,000 175,000 65,000 122,000 1. According to the Abridged Profit and Loss Statement Table B, for every labor dollar spent, the approximate cost per meal in 2012 was OA. $.44 ов. S.91 Oc. $1.10 OD. $2.25
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- Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost of food sold 78000 Cost of Beverage sold 20000 Labor 111000 Controllable Expenses 67000 Non-controllable Expenses 27000 Other Expenses 4000 Identify these items from the above information: a.) Prime cost dollars and percentage b.) Controllable Income dollars and percentage c.) Operating Income dollars and percentage d.) Income before Income Taxes dollars and percentage e.) Food Cost of Sales % f.) Beverage Cost of Sales % g.) Total Cost of Sales %Type the formulas to calculate the following: In cell B9, calculate the grand total amount owing for all customers. In ce E KBC DFGHJ1 Cost Retail 2 Mussels R12,40 R21, 70 3 Crabs R25, 60 R44,804 Markup % 75,0% 5 Discount % 8,5% EFT 6 VAT % 15 89 Total Sales 10 Cost of Sales 11 Profit or Loss No of 12 Customers No of Crab 13 Customers Sales of Mussel 14 Customers 15 Canwn): Week 3L x CU122-0 2201 (Brown): Week 4LX Week 6: Culmination Knowledge X + pt.php?attempt=29214128&cmid=866335 fr. Enduring Word Bibl. My Questions bart. inancial Aid Student Accounts Resources Campus Store d. $2.68 The ingredients for your skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the lowest price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 O d. $5.67 The price the product costs after processing is the Select one: a. Contribution Margin b. Food Cost c. Edible Portion Price d. As Purchased Price The price you pay for the product is the ed Select one:
- Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost of food sold 78000 Cost of Beverage sold 20000 Labor 111000 Controllable Expenses 67000 Non-controllable Expenses 27000 Other Expenses 4000 Identify these items from the above information: a.) Prime cost dollars and percentage b.) Controllable Income dollars and percentage c.) Operating Income dollars and percentage d.) Income before Income Taxes dollars and percntage e.) Food Cost of Sales % f.) Beverage Cost of Sales % g.) Total Cost of Sales %891.687 157,356 312.090 39.339 257,016 162,602 149,294 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit Labor Cost Other operating Overhead Total Expenses Profit (Net Income) What is the food cost percentage? A. 33% B. 2.98% O C. 35% O D.36% Click Save and Submit to save and submit. Click Save All Answers to saveProvide an answer in numerical format for August OTB, August EOM and September BOM PLAN AUGUST SEPTEMBER BOM 300,000 230000 NET SALES 125,000 MARKDOWNS 25,000 PURCHASES 70,000 ON ORDER 20,000 OTB 80000 230000 EOM
- Calculate the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 . . 10 . . 50 . .all w X n Grades: View + ttempt=2362118&cmid= 1898381&page=1#question-2623465-13 %3D COVID-19 FACULTY Clear my choice Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $310,000 for November, $290,000 for December, and $280,000 for January. Collections are expected to be 60% in the month of sale and 40% in the month following the sale. The cost of goods sold is 65% of sales. The company would like maintain ending merchandise inventories equal to 55% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $23,700. Monthly depreciation is $14,700. Ignore taxes. Balance Sheet October 31 Assets 21,500 Cash 71,500 Accounts receivable 110.825 Merchandise inventory 1,095.500 Property, plant and equipment, net of $573,500 accumulated depreciation Total assets 1.299.325 Liabilities and Stockholders' Equity 255.500…Margin of safety Using the data from P11-2, determine the following for 20Y5. Margin of safety for 20Y5.
- own): Week 31 x CU122-0 2201 (Brown): Week 4 x Week 6: Culmination Knowledge x npt.php?attempt=D29214128cmid=866335 fr. E Enduring Word Bibl. b My Questions | bart. Financial Aid Student Accounts Resources - Campus Store g and Cost Control 2202-DeWitt s/ CE167-0 2202 (DeWitt)/ Week 6: Menu Prices Week 6: Culmination Knowledge Check Chef Amy does beginning inventory on Thursday night and finds that she has $4194 in food products in the restaurant. Throughout the week she purchases: • $2088 produce, • $1678 protein, • $870 dry goods, and • $3914 dairy. The following Thursday she does ending inventory and finds that she has $3464 in food. She looks at her sales and finds that she made $30541 over the same 7 day period. What is her total food cost? Select one: a. $12,744 K b. $16,208 c. $8,550 d. $9,280 Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant,. Throughout the week he ered purchases: 1.00 • $457 produce, • $632…2022 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit Operating Expenses Salaries Wages Employee Benefits Overhead Costs Total Operating Expenses Income Before Taxes $ O a. $223,397 O b. $203,385 O c. $296,192 O d. $210,752 780,000 644,000 1,424,000 100.0 249,600 148,120 397,720 1,026,280 % 185,700 210,752 110,800 426,000 933,252 93,028 The above pro forma projected income statement was partially completed for a restaurant that should open in 2023. Management would like to see what profitability would be if they could predict a 6.0% increase in total sales. Assume Wages will be treated as a variable cost. What will be the total amount (dollars) of Wages on the new income statement with the 6.0% increase in Total Sales?Compute the sales and food costs for the volumes below from the following data menu price $12.00 Food cost $3.60 cover sales food costs 1 10 50