7. Bernie Larson is the manager of a New York style delicatessen. Bernie's boss has established performance targets that determine the amount of bonus Bernie will receive each month. Bernie's performance is evaluated in five separate categories. Bernie can receive a 2% salary bonus for each of the five targets he achieves. If he achieves all five goals, he can receive a total of 10% in salary bonus. Bernie earns a 2% bonus when His food cost is 28% or less His total cost of sales is 25% or less His labor cost is 20% or less for the "Staff" category His total labor cost is 32% or less His prime costs are less than 60% of total sales Review the targets established for Bernie's performance; complete the sales, costs, and prime cost portions of Bernie's P&L; and then answer the questions that follows. This Month ($) SALES Food 73,500 Beverage Total Sales 115,000 COST OF SALES Food 21,150 Beverage 7,450 Total Cost of Sales LABOR Management Staff 7,800 21,850 Employee Benefits 6,225 Total Labor Cost PRIME COST a. Did Bernie achieve his targeted food cost percentage? b. Did Bernie achieve his targeted total cost of sales percentage? c. Did Bernie achieve his targeted "Staff" labor cost percentage? d. Did Bernie achieve his targeted total labor cost percentage? e. Did Bernie achieve his targeted prime cost percentage? f. What percent of his monthly salary will Bernie receive as a bonus this month?