on: Creating a Fo xWeek 5: Food Budget and Forece x+empt.php?attempt=2891395&cmid=866300A fr.Enduring Word Bibl. b My Questions | bart.Financial Aid Student Accounts Resources Campus StoreWeekly (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?Select one: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. Projections for next week should be increased to make up the difference from this weekd. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beveragesales projections.Weekly (Feb 21-27)ProjectedActualDifference

Solution:- When an entity is unable to achieve what it has projected, it reviews the standards and…

Answered: Weekly (Feb 21-27) Projected Actual…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. Fruit Tea's data show the following information: Aug. 25,000 31 1.75 Estimated sales (units) Sales price per unit Direct labor per unit unit $ $ Labor rate per hour $ C. Direct materials budget d. Direct labor budget Sept. 25,000 31 $ $ $ 21 $ Nov. Dec. 27,500 28,000 $ $ 31 $ 31 1.75 $ 1.75 $ 1.50 $ 1.50 $ 1.50 1.50 $ 21 $ 24 $ 24 $ 24 Oct. 27,000 31 New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. For the first quarter ending in October prepare a: a. Sales budget b. Production budget 4
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $40,800 Food and packaging $11,004 Payroll 10,300 Occupancy (rent, depreciation, etc.) 12,376 General, selling, and administrative expenses 5,900 $39,580 Income from operations $1,220 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.)$________ million b. What is McDonald's contribution margin ratio?________% c. How much would income from operations increase if same-store sales increased by $2,400 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.$_________ million
Bhadu
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $18,700 $(7,497) (4,700) (3,243) (2,700) $(18,140) Operating income Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? % $560 c. How much would operating income increase if same-store sales increased by $1,100 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million
Financial Aid Student Accounts Resources - Campus Store Saies projeGlions. Weekly (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) $4.444 -$4,006 $8,450 (under) Total Profit What were the results of the restaurant's actual revenue, relative to its actual costs? Select one: a. Break-even b. Profit c. Loss en 5 i answered Weekly (Feb 21-27) Projected Actual Difference
Burger Shack, Inc. Product Line Income Statement For the Year Ended December 31, 2023 Hamburgers Hot Dogs Tacos Sales $120,000 $110,000 $90,000 Cost of Goods Sold (Variable) $56,000 $48,000 $60,000 Gross Profit $64,000 $62,000 $30,000 Selling and Administrative Expenses (Variable) $11,000 $14,000 $15,000 Income from Operations $53,000 $48,000 $15,000 Fixed Expenses* Net Income
Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (2,500 units) Cost of goods sold: Cost of goods manufactured (2,900 units) Inventory, April 30 (400 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $75,400 (10,400) $92,500 (65,000) $27,500 (16,050) $11,450 If the fixed manufacturing costs were $18,096 and the fixed selling and administrative expenses were $7,860, prepare an income statement according to the i variable costing concept. Round all final answers to whole dollars.
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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.
The following information is available from the accounting records of Wisconsin International Inc.. Sales at 65% of Capacity $89,500 Fixed costs $36,950 Variable costs $28,350 Total costs $65,300 Net Income $24,200 a) Compute the break-even point in sales dollars (round off two the nearest cent) $ b) Compute the break-even point as a percent of capacity. (round off two decimal places) %

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