Beverage sales are $80,000 and are 40% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17% and other expenses are 20%. Calculate: a) Total Sales b) Food Sales c) Cost of food sales d) Gross Margin and Gross Margin percentage e) Net Income and Net Income Percentage

Beverage sales are $80,000 and are 40% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17% and other expenses are 20%. Calculate: a) Total Sales b) Food Sales c) Cost of food sales d) Gross Margin and Gross Margin percentage e) Net Income and Net Income Percentage

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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