Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. You are running a restaurant and you must calculate the Labor Cost Percentage to determine if you are in line with your budget. Therefore,

1.You are running a restaurant and you must calculate the Labor Cost Percentage to determine if you are in line with your budget. Therefore, if Food Sales total $152,000, Beverage Sales is $210,000, Salaries are $60,000 and Hourly Wages are $63, 000. What is your Labor Cost %?

. Beginning Inventory is $48,000 on June 1st, purchases were made on June 15th in the amount of $25,000, the kitchen took $5000 in goods and then an additional purchase of $14, 000 was made on June 20th.Please calculate the existing inventory amount as of June 30th ?

5.What is the selling price of this glass of Strawberry Daiquiri, if the Beverage Cost is $4.50, the Food Cost is $2.50 and the Contribution Margin is $5?

Please calculate the Beverage Sales%, if Beverage Sales is $1, 700, and Food Sales is $800.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Accounting questions

Question

What is an activity variance and what does it mean?

Answered: 1 week ago