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. image text in transcribed

Actual cost for the month of January was $9,201. Actual revenue for the month of January was $30,060.

a. Calculate the standard cost percentage and the actual cost percentage for January. Round all dollar amounts to the nearest dollar.

b. Compare the results. If you were the dining room manager, explain why you would or would not be satisfied with the results.

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 01:12 AM

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The sales records for a coffee shop that has only six items on its menu show the

Question:

Item Cost Selling Price Quantity Sold 123456 $2.00 $6.00 654 1.10 4.50 2,196 2.25 7.00 1,110 1.75 5.00 990 2.25 5.00 295 2.00 7.95 259

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Hospitality Management Accounting

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