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Year 2012 2013 2014 2015 60,000 15,000 45,000 6,000 90,000 17,000 67,500 8,500 30,000 7,500 22,500 3,700 60,000 17,000 38,000 4,700 Salary Benefits Food Consumed Total Direct Expense: Total Meals Served: 126,000 183,000 68,200 119,700 65,898 97,123 34,455 67,318 Total Revenue: 135,000 175,000 65,000 122,000 1. According to the Abridged Profit and Loss Statement Table B, for every labor dollar spent, the approximate cost per meal in 2012 was OA. $.44 ов. S.91 Oc. $1.10 OD. $2.25

Year 2012 2013 2014 2015 60,000 15,000 45,000 6,000 90,000 17,000 67,500 8,500 30,000 7,500 22,500 3,700 60,000 17,000 38,000 4,700 Salary Benefits Food Consumed Total Direct Expense: Total Meals Served: 126,000 183,000 68,200 119,700 65,898 97,123 34,455 67,318 Total Revenue: 135,000 175,000 65,000 122,000 1. According to the Abridged Profit and Loss Statement Table B, for every labor dollar spent, the approximate cost per meal in 2012 was OA. $.44 ов. S.91 Oc. $1.10 OD. $2.25

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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what is the cost ?

2013 Year Salary Benefits 2012 2014 2015 60,000 15,000 45,000 6,000 90,000 17,000 67,500 8,500 30,000 7,500 22,500 3,700 60,000 17,000 38,000 4,700 Food Consumed Total Direct Expense: Total Meals 126,000 183,000 68,200 119,700 65,898 97,123 34,455 67,318 Served: Total Revenue: 135,000 175,000 65,000 122,000 1. According to the Abridged Profit and Loss Statement Table B, for every labor dollar spent, the approximate cost per meal in 2012 was OA. S.44 OB. S.91 OC $1.10 OD. $2.25
Transcribed Image Text:2013 Year Salary Benefits 2012 2014 2015 60,000 15,000 45,000 6,000 90,000 17,000 67,500 8,500 30,000 7,500 22,500 3,700 60,000 17,000 38,000 4,700 Food Consumed Total Direct Expense: Total Meals 126,000 183,000 68,200 119,700 65,898 97,123 34,455 67,318 Served: Total Revenue: 135,000 175,000 65,000 122,000 1. According to the Abridged Profit and Loss Statement Table B, for every labor dollar spent, the approximate cost per meal in 2012 was OA. S.44 OB. S.91 OC $1.10 OD. $2.25
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