10:20(Feb 21-27)Food Cost044Beverage CostLabor CostOther CostsTotal CostsFood SalesBeverage SalesTotal Sales (Revenue)Total Profit•NProjected$6,971$3,954$8,423$7,645$26,993$18,565$12,872$31,437$4,44456% السمBased on the actual results, what adjustmentsneed to be made to Food and Beverage salesprojections for next week?O b. Projections for next week should beincreased to make up the differencefrom this weekActual$7,842$4, 156$9,541$7,645$29, 184$14,326$10,852$25,178-$4,006O a. Projections for next week should be setthe same as this week, so we can striveto reach our goals.O d. Projections for next week should beincreased because we exceeded ourprojections this week|||OO c. Because this week's actual profit (-$4006)came in below our projected profit($4444), we should reduce next week'sFood and Beverage sales projections.

When an entity is unable to achieve what it has projected, it reviews the standards and analyse what…

Answered: (Feb 21-27) ood Cost Severage Cost abor…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Calculate total revenue and fill in the table below. Price Quantity Total Revenue S50 60 $40 06 $35 110 S30 140 $25 190
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Express the total costs, net profit (NP) in money and as a percentage in the table below. Sales Food Costs Labor Costs Overheads Total Costs Net Profit Net Profit percent $140.55 $40.99 $50.50 $23.34 $175.98 $55.45 $61.25 $34.00 $268.94 $81.38 $90.45 $74.88 $555.65 $120.00 $155.98 $111.54 $1010.80 $300.70 $240.54 $230.78
content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis 75 Tumblers Sora per month Sales Revenue Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income Total Per Unit $ 2,250 $ 30 1,350 18 $ 900 $ 12 250 $ 650 In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution margin ratio on your tumbler sales? Round to the nearest whole number. Select an option from the choices below and click Submit. ○ 29% ○ 40% ○ 250% Submit
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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?
PA1. 10.1 When prices are rising (inflation), which costing method would produce thehighestvalue for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Number of Units Cost per Unit $6,000 7,000 7,500 Purchase 2 Purchase 3 Purchase 4 Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
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F Sales Variable Costs Cost of goods sold Selling Expenses Total Variable costs Contribution Margin Fixed Costs Admin Expenses Net Profit Total $3,599,100 $1,619,156 $41,500 $1,660,656 $1,938,444 $70,000 Department Department a $1,000,000 $597,600 $12,000 $609,600 $390,400 b $678,000 $224,100 $8,000 $232,100 Department C $921,000 $382,311 $9,000 $391,311 Department d $1,000,100 $415,145 $12,500 $427,645 a. Using contribution margin accounting cost analysis, what is the contribution margin for Department b? b. Contribution margin for Department c? C. Department d? d. What is your net profit for the total organization? 0

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