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7. Below is an Income Statement of Sunshine Restaurant. First, calculate all missing numbers (marked with a ?). Then, calculate: food cost%, beverage cost %
7. Below is an Income Statement of Sunshine Restaurant. First, calculate all missing numbers (marked with a ?). Then, calculate: food cost%, beverage cost % and profit to total sales%: The Colonial Restaurant Income Statement For the year ended December 31, 20XX SALES Food Beverage Total Sales COST OF SALES Food Beverages Total Cost of Sales GROSS PROFIT CONTROLLABLE EXPENSES Salaries and Wages Employee benefits $375,000. 125,000. $500,000. $127,500. 30,000 157,500. $342,500 $130,000. 20,000. Other controllable expenses Total Controllable Expenses INCOME BEFORE OCCUPANCY COSTS, INTEREST, DEPRECIATION, AND INCOME TAXES OCCUPANCY COSTS INCOME BEFORE INTEREST, DEPRECIATION, AND INCOME TAXES DEPRECIATION RESTAURANT PROFIT Calculate: A. food cost percent: B. labor cost percent: C. beverage cost percent: D. percentage of profit: 60,000. $210,000. 55,000. 222 25,000. moidered
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