(Feb 21—27)ProjectedActualDifferenceFood 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 weekc.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

The objective of the question is to determine the adjustments that need to be made to the Food and…

Answered: (Feb 21—27) Projected Actual…

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?

Projections for next week should be set the same as this week, so we can strive to reach our goals.

Projections for next week should be increased because we exceeded our projections this week

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.

Projections for next week should be increased to make up the difference from this week

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