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Using the information above, Calculate the following: a. Calculate the Prime Cost $ and % b. Calculate the Overhead Cost $ and % % %

Using the information above, Calculate the following: a. Calculate the Prime Cost $ and % b. Calculate the Overhead Cost $ and % % %

FINANCIAL ACCOUNTING
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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Sales Food Beverage Total Sales Cost of Sales Food Beverage Total Cost of Sales Gross Profit Controllable Expenses COHIBA DINING GROUP INCOME STATEMENT YEAR ENDED MARCH 31, 2021 Salaries and Wages Employee Benefits Other Controllable Expenses Total Controllable Expenses Income Before Occupancy costs Interest, Depreciation, and Income Taxes Occupancy Costs Interest Depreciation Total Occupancy Expenses Restaurant Profit Using the information above, Calculate the following: a. Calculate the Prime Cost $ and % b. Calculate the Overhead Cost $ and % $ 1050 000 $450.000.00 $ 357000 $123000 $ 510000 $ 69,000.00 $225.350.00 $ 75,250.00 $ 25,600.00 $ 79,000.00 $1500000 $ 480000 $ 1020000 $ 804,350.00 $215650 $179850 $35 800 % 70.0% 30% 100.0% 34.0% 27-3% 32% 68.0% 2.39% % %
Transcribed Image Text:Sales Food Beverage Total Sales Cost of Sales Food Beverage Total Cost of Sales Gross Profit Controllable Expenses COHIBA DINING GROUP INCOME STATEMENT YEAR ENDED MARCH 31, 2021 Salaries and Wages Employee Benefits Other Controllable Expenses Total Controllable Expenses Income Before Occupancy costs Interest, Depreciation, and Income Taxes Occupancy Costs Interest Depreciation Total Occupancy Expenses Restaurant Profit Using the information above, Calculate the following: a. Calculate the Prime Cost $ and % b. Calculate the Overhead Cost $ and % $ 1050 000 $450.000.00 $ 357000 $123000 $ 510000 $ 69,000.00 $225.350.00 $ 75,250.00 $ 25,600.00 $ 79,000.00 $1500000 $ 480000 $ 1020000 $ 804,350.00 $215650 $179850 $35 800 % 70.0% 30% 100.0% 34.0% 27-3% 32% 68.0% 2.39% % %
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