1. Use the following data to answer the questions below about actual food and beverages costs for theMarina Bay Grill for July:Ending Inventory (Food)$68,000Ending Inventory (Beverage)$23,470Food Purchases$350.000Beverage Purchases$24,700Beginning Inventory (Food)$72,000Beginning Inventory (Beverage)$19,700Transfers to Bar$3,870Beverage Theft/Pilferage$510Food Over-Portioning Expense$615Transfers from Bar$4,100Complementary Food$2,160Complementary Beverages$890Employee Meal Cost$11,225Food Revenues$878,000Beverage Revenues$116,500What is the net cost of sales for food and beverage? Indicate dollar and percentage cost.Food: $354,000Beverages: $20,930$994,500 total food and beverage sales878,000/994,500 x 100 = 88% = percentage of sales(food)

Computation of Net Cost Of Sales for Food Particular Amount ($) Beginning Inventory (food)…

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at is the net cost of sales for food and beverage? Indicate dollar and percentage cost. d: $354,000 Beverages: $20,930

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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