Question
6 . Determine inventory turnover rate , using the following information: Beginning I nventory is $5,031 . 29, E nding I nventory is $4,278.37, and
6. Determine inventory turnover rate, using the following information: Beginning Inventory is $5,031.29, Ending Inventory is $4,278.37, and the Cost of Sales is $12,364.43. Round everything to hundredth of decimal (.00).
7. Given the following information, determine Daily Food Cost: Directs $200; issued Stores $400; transfers from kitchen to bar $10.
8. The following question has two parts. Each part is worth .5 pt
A) Determine potential savings by filling in the standard and potential cost % and then calculating the potential savings.
Date | Actual Cost | Standard Cost | Actual Sales | Actual Cost % | Standard Cost % | Potential Savings | |
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| $ | % |
11/5 | 318.20 | 301.00 | 860.00 |
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11/6 | 1394.40 | 1324.68 | 3486.00 |
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11/7 | 3919.30 | 3695.34 | 11198.00 |
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B) What is the point in knowing the potential savings?
9. Given the information appearing below, determine the food cost percent on 9/3.
Food Cost Food Sales
Date
9/1 $100 $400
9/2 125 375
9/3 75 225
Show the calculation, not just the final answer. Round the result to tenth of a decimal
10. In Sunshine Restaurant, actual cost in November 2020 was $49,000. Sales in the same month were $139,000. Standard cost percent was 5.0% lower than the actual cost percent. Given the information in this question, what are the potential savings for September in dollars and in %? Show the calculation, not just the final answer.
answer all the question.
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