Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Assignment 6 - Question 4 (6 marks) 3 Jill is the manager ofthe Bread Bar, her boss has established performance targets that determine the

image text in transcribed

1 Assignment 6 - Question 4 (6 marks) 3 Jill is the manager ofthe Bread Bar, her boss has established performance targets that determine the amount of bonus Jill will receive 4 each month. Her performance is eval utated in five separate categories. Jill will earn a 2% bonuswhen thefollowing targets are met ood Cost is 30% or less, total cost of sales is 31% or less, labour cost is 35% or less for the "Staff" category, labour cost is 35% or less prime costs are less than 63%. Ifall five targets are met Jill will receive a maximum bonusof 10% of her monthly salary. Review the 7 targets set for Jill's performance, complete the Profit & Loss Sales and Prime Cost sections and then answer the following question. (4 marks) 8 10 11 Bread Bar P&Sales and PrimeCost 12 13 SALES 14 Food 15 Beverage 16 Total Sales 17 COST OF SALES 18 Food 19 Beverage 20 Total Cost of Sales 21 LABOUR 22 Management 23 Staff 24 Employee Benefits 25 Total Labour Costs$27,227.00 26 PRIME COST November $71,500.00 $9,250.00 $80,750.00 a) What percent of her monthly salary will Jill receive as a bonus this month? (2 marks) ANSWER $22,250.00 $2,200.00 $24,450.00 S4,750.00 $16,252.00 $6,225.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions

Question

How does the rule of law affect businesses in Canada?

Answered: 1 week ago