Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost of food sold 78000 Cost of Beverage sold 20000 Labor 111000 Controllable Expenses 67000 Non-controllable Expenses 27000 Other Expenses 4000 Identify these items from the above information: a.) Prime cost dollars and percentage b.) Controllable Income dollars and percentage c.) Operating Income dollars and percentage d.) Income before Income Taxes dollars and percntage e.) Food Cost of Sales % f.) Beverage Cost of Sales % g.) Total Cost of Sales %
Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost of food sold 78000 Cost of Beverage sold 20000 Labor 111000 Controllable Expenses 67000 Non-controllable Expenses 27000 Other Expenses 4000 Identify these items from the above information: a.) Prime cost dollars and percentage b.) Controllable Income dollars and percentage c.) Operating Income dollars and percentage d.) Income before Income Taxes dollars and percntage e.) Food Cost of Sales % f.) Beverage Cost of Sales % g.) Total Cost of Sales %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Following are excerpts from an income statement:
| Food Sales | 265000 |
| Beverage Sales | 80000 |
| Cost of food sold | 78000 |
| Cost of Beverage sold | 20000 |
| Labor | 111000 |
| Controllable Expenses | 67000 |
| Non-controllable Expenses | 27000 |
| Other Expenses | 4000 |
Identify these items from the above information:
a.) Prime cost dollars and percentage
b.) Controllable Income dollars and percentage
c.) Operating Income dollars and percentage
d.) Income before Income Taxes dollars and percntage
e.) Food Cost of Sales %
f.) Beverage Cost of Sales %
g.) Total Cost of Sales %
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