The sales records for a coffee shop that has only six items on its menu show the
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The sales records for a coffee shop that has only six items on its menu show the following quantities sold during the month of January. Item standard cost and selling prices are also indicated.
Actual cost of sales for the month of January was $11,885. Actual sales revenue for the month of January was $30,880.
a. Calculate the standard cost percentage and the actual cost percentage for January.
b. Compare the results. If you were the dining room manager, explain why you would or would not be satisfied with the results.LO1
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Related Book For
Hospitality Management Accounting
ISBN: 9780471687894
9th Edition
Authors: Martin G Jagels, Catherine E Ralston
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