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11 Month Operating Income Statement Month End November 2022 This Month Last Month YTD Sales Food %$4 29,617.00 $ 32,138.00 $ 341,264.00 7,631.00 Beverage %24 6,439.00 $ 24 109,536.00 Total Sales 24 36,056.00 $ 39,769.00 $ 450,800.00 Inventory Assets Food Beverage Total Inventory On Hand 2$ %$4 3,267.00 $ 2,679.00 561.00 463.00 %24 %24 3,730.00 %24 3,240.00 Controllable Expenses Food Purchases 11365 1380 13,785.25 $ 68.93 13624 Beverage Purchases Salaries and Wages Employee Benefits Other Controllable Expenses 1634 13,785.25 2$ 6,049.42 151,637.75 8,340.08 66,543.58 24 %24 6,049.42 68.93 24 %24 Inventory Assets Food 2$ 3,267.00 $ 463.00 Beverage 2,679.00 %24 2$ 561.00 Total Inventory On Hand %24 3,730.00 2$ 3,240.00 Calculate Usage COGS Food COGS Beverage Labor Cost % Prime Cost 9% Operating Income before Other Expenses

11 Month Operating Income Statement Month End November 2022 This Month Last Month YTD Sales Food %$4 29,617.00 $ 32,138.00 $ 341,264.00 7,631.00 Beverage %24 6,439.00 $ 24 109,536.00 Total Sales 24 36,056.00 $ 39,769.00 $ 450,800.00 Inventory Assets Food Beverage Total Inventory On Hand 2$ %$4 3,267.00 $ 2,679.00 561.00 463.00 %24 %24 3,730.00 %24 3,240.00 Controllable Expenses Food Purchases 11365 1380 13,785.25 $ 68.93 13624 Beverage Purchases Salaries and Wages Employee Benefits Other Controllable Expenses 1634 13,785.25 2$ 6,049.42 151,637.75 8,340.08 66,543.58 24 %24 6,049.42 68.93 24 %24 Inventory Assets Food 2$ 3,267.00 $ 463.00 Beverage 2,679.00 %24 2$ 561.00 Total Inventory On Hand %24 3,730.00 2$ 3,240.00 Calculate Usage COGS Food COGS Beverage Labor Cost % Prime Cost 9% Operating Income before Other Expenses

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11 Month Operating Income Statement Month End November 2022 This Month Last Month YTD Sales Food %$4 29,617.00 $ 32,138.00 $ 341,264.00 %24 7,631.00 Beverage Total Sales Inventory Assets Food $4 6,439.00 $ 109,536.00 $4 36,056.00 $ 39,769.00 $ 450,800.00 %24 2$ 3,267.00 $ 2,679.00 Beverage Total Inventory On Hand 463.00 %24 561.00 %24 3,730.00 $ 3,240.00 Controllable Expenses Food Purchases Beverage Purchases Salaries and Wages Employee Benefits Other Controllable Expenses 11365 13624 1380 1634 13,785.25 $ 24 13,785.25 $ 151,637.75 68.93 68.93 $4 8,340.08 66,543.58 $4 6,049.42 6,049.42 $4 Inventory Assets Food %24 %24 3,267.00 $ 463.00 $ 2,679.00 561.00 Beverage Total Inventory On Hand %24 3,730.00 %24 3,240.00 Calculate Usage COGS Food COGS Beverage Labor Cost % Prime Cost 9% Operating Income before Other Expenses SSS
Transcribed Image Text:11 Month Operating Income Statement Month End November 2022 This Month Last Month YTD Sales Food %$4 29,617.00 $ 32,138.00 $ 341,264.00 %24 7,631.00 Beverage Total Sales Inventory Assets Food $4 6,439.00 $ 109,536.00 $4 36,056.00 $ 39,769.00 $ 450,800.00 %24 2$ 3,267.00 $ 2,679.00 Beverage Total Inventory On Hand 463.00 %24 561.00 %24 3,730.00 $ 3,240.00 Controllable Expenses Food Purchases Beverage Purchases Salaries and Wages Employee Benefits Other Controllable Expenses 11365 13624 1380 1634 13,785.25 $ 24 13,785.25 $ 151,637.75 68.93 68.93 $4 8,340.08 66,543.58 $4 6,049.42 6,049.42 $4 Inventory Assets Food %24 %24 3,267.00 $ 463.00 $ 2,679.00 561.00 Beverage Total Inventory On Hand %24 3,730.00 %24 3,240.00 Calculate Usage COGS Food COGS Beverage Labor Cost % Prime Cost 9% Operating Income before Other Expenses SSS
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