(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales projections. d. Projections for next week should be increased to make up the difference from this week

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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(Feb 21—27)

Projected

Actual

Difference

Food Cost

$6,971

$7,842

+$871 (over)

Beverage Cost

$3,954

$4, 156

+$202 (over)

Labor Cost

$8,423

$9,541

+$1,118 (over)

Other Costs

$7,645

$7,645

$0 (even)

Total Costs

$26,993

$29, 184

+$2191 (over)

Food Sales

$18,565

$14,326

-$4,239 (under)

Beverage Sales

$12,872

$10,852

-$2,020 (under)

Total Sales (Revenue)

$31,437

$25,178

-$6,259 (under)

Total Profit

$4,444

-$4,006

-$8,450 (under)



Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week?
a.
Projections for next week should be set the same as this week, so we can strive to reach our goals.
b.
Projections for next week should be increased because we exceeded our projections this week
c.
Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales projections.
d.
Projections for next week should be increased to make up the difference from this week
 
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