Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) $8,423 $9,541 +$1,118 (over) Labor Cost $7,645 $7,645 $0 (even) Other Costs $26,993 $29,184 +$2191 (over) Total Costs $18,565 $14,326 -$4,239 (under) Food Sales $12,872 $10,852 -$2,020 (under) Beverage Sales $31,437 $25,178 -$6,259 (under) Total Sales (Revenue) $4,444 -$4,006 -$8,450 (under) Total Profit Based on the actual results, what adjustments need to be made to Labor costs? Select one: a. Labor costs do not need to be adjusted because it will balance out next week. b. Labor costs should be reduced by cutting employee wages. O c. Labor costs should be reduced by scheduling fewer employees and/or reducing hours. d. Labor costs should be reduced by sending salaried employees home early.
Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) $8,423 $9,541 +$1,118 (over) Labor Cost $7,645 $7,645 $0 (even) Other Costs $26,993 $29,184 +$2191 (over) Total Costs $18,565 $14,326 -$4,239 (under) Food Sales $12,872 $10,852 -$2,020 (under) Beverage Sales $31,437 $25,178 -$6,259 (under) Total Sales (Revenue) $4,444 -$4,006 -$8,450 (under) Total Profit Based on the actual results, what adjustments need to be made to Labor costs? Select one: a. Labor costs do not need to be adjusted because it will balance out next week. b. Labor costs should be reduced by cutting employee wages. O c. Labor costs should be reduced by scheduling fewer employees and/or reducing hours. d. Labor costs should be reduced by sending salaried employees home early.
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
Related questions
Question
Transcribed Image Text:Financial Aid Student Accounts Resources Campus Store
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)
$7,645
$7,645
$0 (even)
Other Costs
$26,993
$29,184
+$2191 (over)
Total Costs
$18,565
$14,326
-$4,239 (under)
Food Sales
$12,872
$10,852
-$2,020 (under)
Beverage Sales
Total Sales (Revenue)
$31,437
$25,178
-$6,259 (under)
$4,444
-$4,006
$8,450 (under)
Total Profit
Based on the actual results, what adjustments need to be made to Labor costs?
Select one:
a. Labor costs do not need to be adjusted because it will balance out next week.
O b. Labor costs should be reduced by cutting employee wages.
O c. Labor costs should be reduced by scheduling fewer employees and/or reducing hours.
d. Labor costs should be reduced by sending salaried employees home early.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education