Given the information below, calculate BEVERAGE COST PERCENTAGE: SALES Food Beverage Total Sales COST OF SALES Food Beverage Total Cost of Sales a) 26.75% b) 10.24% c) 34.68% d) 21.48% This % of Month sales $68,750 42,630 $111,380 $21,484 $11,404 $32,888
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- Given the information below find net profit/loss in dollars for the month of June Guest Hotel Inc. Income Statement for the period ending June 30, 2021 Sales Food 179,178 79,882 Beverage Total Sales Cost of Sales Food Beverage Total cost of goods sold- Gross Profit Controllable Expenses Salaries & Wages Occupancy Office & General Utilities 77,074 26,752 100,578 27,123 11,364 9.144 Transportation Kitchen supplies Professional fees Advertising Social Media Expenses 10,750 Vehicle Total Controllable Expenses Net Profit / Loss 5.908 8,035 7.000 7,788 4.907The Beach Umbrella is a take-out food store at a popular beach resort. Susan Miller, owner of the Beach Umbrella, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: (Click to view the data.) Miller has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements. Requirement 1. Calculate the contribution margin per case of each type of drink. Selling price per case Variable cost per case Contribution margin per case Requirements $ Cola Lemonade 18.25 $ 14.40 20.75 $ 15.60 Punch 27.70 $ 20.10 Natural Orange Juice 39.25 30.40 1. Calculate the contribution margin per case of each type of drink. 2. A coworker of Miller's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this recommendation? Explain briefly. 3.…Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $612,000 $336,600 $85,680 Dix 384,000 215,040 84,480 Johnson 461,000 225,890 101,420 LaFave 460,000 147,200 101,200 Orcas 399,000 131,670 51,870 Sussman 427,000 217,770 59,780 Willbond 439,000 184,380 70,240 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc.Salespersons' AnalysisFor the Year Ended December…
- Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $432,000 $211,680 $86,400 Dix 347,000 166,560 72,870 Johnson 564,000 293,280 101,520 LaFave 611,000 293,280 85,540 Orcas 588,000 199,920 76,440 Sussman 437,000 214,130 74,290 Willbond 525,000 252,000 73,500 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc. Salespersons' Analysis For the Year Ended…Foc32. Calculate inventory turnover. (Hint: Food costs for the month must first be calculated.) Show your calculations. Beginning Inventory/month Food Purchases/month Ending Inventory $2,000 9,000 4,000
- Production and saies estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,700 Desired inventory (unit), March 31 19,100 Expected sales volume (units): Area M 6,500 Area L 8,300 Area O 7,900 Unit sales price $13 The number of units expected to be manufactured in March is Ob. 41,800 OC 22.700 Od. 24,100Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company. Jan. 1 Inventory 100 units at $5 each 4 Sale 80 units at $8 each 11 Purchase 150 units at $6 each 13 Sale 120 units at $8.75 each 20 Purchase 160 units at $7 each 27 Sale 100 units at $9 each Fong Sai-Yuk uses the FIFO cost flow assumption. All purchases and sales are on account. (a Assume Fong Sai-Yuk uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 110 units. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)10:20 (Feb 21-27) Food Cost 044 Beverage Cost Labor Cost Other Costs Total Costs Food Sales Beverage Sales Total Sales (Revenue) Total Profit • N Projected $6,971 $3,954 $8,423 $7,645 $26,993 $18,565 $12,872 $31,437 $4,444 56% السم Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? O b. Projections for next week should be increased to make up the difference from this week Actual $7,842 $4, 156 $9,541 $7,645 $29, 184 $14,326 $10,852 $25,178 -$4,006 O a. Projections for next week should be set the same as this week, so we can strive to reach our goals. O d. Projections for next week should be increased because we exceeded our projections this week ||| O O c. 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.
- Solve questions 7,9,10 with steps please.sdSalespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses $115,940 135,000 279,790 236,340 283,040 282,150 264,150 Case Dix Johnson LaFave Orcas Sussman Willbond Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Salesperson Contribution Margin Case Dix Johnson LaFave Orcas $341,000 375,000 571,000 606,000 488,000 627,000 587,000 Sussman Willbond $ $51,150 75,000 108,490 84,840 78,080 112,860 105,660 Waltham Industries Inc. Salespersons' Analysis For the Year Ended December 31 Variable…