ariance Análysis Using Harrald's Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (g refers to the number of meals served): Formula $16.50q $6.25q $10,400 $800 + $0.20q $2,200 $600 + $0.80q Revenue. Cost of ingredients Wages and salaries. Utilities. Rent.. Miscellaneous. Required: 1. Prepare the restaurant's planning budget for April assuming that 1,800 meals are served. 2. Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity. 3. The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April. $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 Revenue. Cost of ingredients. Wages and salaries. Utilities. Rent... Miscellaneous

ariance Análysis Using Harrald's Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (g refers to the number of meals served): Formula $16.50q $6.25q $10,400 $800 + $0.20q $2,200 $600 + $0.80q Revenue. Cost of ingredients Wages and salaries. Utilities. Rent.. Miscellaneous. Required: 1. Prepare the restaurant's planning budget for April assuming that 1,800 meals are served. 2. Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity. 3. The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April. $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 Revenue. Cost of ingredients. Wages and salaries. Utilities. Rent... Miscellaneous

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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D2.
Compute 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
What is the average CM $ (per menu item) of a menu with a total food cost of $40,000, check average of $14.68, and guest count of 5,285? $7.11 $7.57 $8.97 $8.50
5
Restaurant Sales Summary for month of February, 2018. Item Prime Rib Fish n Chips Barbecued Duck Total sold 690 560 350 425 280 Cheese Burger Baked Lasagna Total a. Number of Covers sold per day_ PPOP % S.P. $19.00 $14.00 $11.00 $10.00 $11.00 Revenue b. Cost of average covers - $_ c. Total Revenue in the Restaurant in the month of February 2018 d. Restaurant has 50 seats, what is the restaurant turnover ratio?
and Patisser X ot.php?attempt=D2880962&cmid=866264 . E Enduring Word Bibl. b My Questions | bart. nancial Aid Student Accounts Resources Campus Store If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? Why? Beginning Inventory $11,500 Dairy Alternative Purchases (+) $1,000 Produce Purchases (+) $500 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Ending Inventory |(-) $10,900 Food Cost (=) $4,100 Revenue (+) $12,500 Food Cost % (=) 32.8% Select one: a. Food cost % decreases because the ratio of food cost to revenue will be higher. b. Food cost % increases because the ratio of food cost to revenue will be lower. c. Food cost % decreases because the ratio of food cost to revenue will be lower. d. Food cost % increases because the ratio of food cost to revenue will be higher.
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D8.
a. What impact would accepting this special order have on operating profit? b. From an operating profit perspective for April, should Maria accept the order?
Situation: Eliza Fitzgerald is an excellent food manager but needs your assistance in preparing the food department schedule according to the USALI for 2020. Note: The food department has more individual accounts that should be shown on this schedule. Revenue information: Outlet food revenue EUR 850,000 Meeting room rentals EUR 12,000 Allowances EUR 2,000 Service charges EUR 45,000 Expense information: Food purchases EUR 300,000 Transfer from beverage department EUR 500 Complimentary food- marketing EUR 1,000 Transfer to beverage department EUR 300 Training EUR 2,000 Uniforms EUR 5,400 Other employee benefits EUR 10,000 Salaries and Wages EUR 270,000 Utensils EUR 1,200 Operating supplies EUR 20,500 Licenses EUR 1,500 Linen EUR 5,400 Miscellaneous EUR 3,200 In addition, the beginning food inventory totaled EUR 16,000 while the ending inventory totaled EUR 17,000…
H. K 35 36 TABLE A TABLE B Annual Fixed Costs (TL) Marketing, Selling and Distribution Expenses Low Option High Option 725,000.00 37 Annually Estimated Annually Estimated Sales Administration Expenses 1,250,000.00 38 Sales 30,000.00 1,285.00 15,000.00 1,443.00 39 Price (TL) $4 Price (TL) 2$ R&D 379,000.00 40 Direct Fixed Costs 4,750,000.00 41 Materials Number Required Unit Costs (TL) Materials Number Required rqaaS 42 Stove 1 172.25 Stove 1 202.25 43 Oven 1 242.15 Oven 1 252.15 TAX RATE 44 Display Screen 45 Driver 1 19.25 Display Screen 2 36.24 2 18.10 Driver 2 18.10 20% 46 Electronic Card 1 11.97 Electronic Card Bluetooth 1 11.97 47 Bluetooth 1 11.16 1 11.16 48 Fan 2 7.99 Fan 8 7.99 49 Light Bulb 1 Light Bulb Smart Connectivity 4.99 5.99 50 39.99 51 Direct Labor Costs 85.32 52 Packaging Cost Per 49.27 Direct Labor Costs 10% Increase from LowOption's Direct Labor Cost Increase from LowOption's Packaging Cost 53 Packaging Cost Per Unit 4% 54 Instructions Answers