1. How is sales history used when attempting to create a restaurant sales forecast? A few sentences will be enough to explain.

3. Given the following figures from the financial records of the Snowbird Restaurant in Vancouver, determine Cost of Food Sold. Show the whole calculation, not just the final result:

Cooking liquor$199.50

Steward sales37.39

Purchases12,129.02

Food to bar 198.38

Gratis to bar167.50

Ending inventory4,078.17

Opening inventory4,232.39

Employees meals: $639.75

4. Operating inefficiencies tend to increase actual costs. Do operating inefficiencies affect menu items standard costs as well? Explain your answer in a couple ofsentences.

5. Analyze the report shown in Figure 4.2 answering the following questions:

- Look at the sales for today and sales for the same day last week and food cost percentage today and same day last week. Should it be a concern? Explain your answer.

-What trend is shown in Figure 4.2 favorable or unfavorable? Explain your answer.

FIGURE 4.2
Date 20-November, 2021
Category	Today	Same Day Last Week	To Date This Week	To Date Last Week
Food sales	$2,986.95	$2,678.50	$13,179.25	$14,376.50
Food cost	$1,337.75	$ 950.40	$ 5,455.50	$ 4,901.35
Cost %	44.786%	35.488%	41.395%	34.093%

answer all the questions.