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As a manager of a well known pub and grill you have the responsibility of preparing a separate purchase budget for both food and beverages.
As a manager of a well known pub and grill you have the responsibility of preparing a separate purchase budget for both food and beverages. You have the following guidelines to assist you in preparing the purchase budgets for the month of May Budgeted sales for April:.... $285,000 Budgeted sales for May:. $225,000 Budgeted sales for June... $310,000 Food departments % of total budgeted sales............... 70% Beverage departments % of total budgeted sales....... 30% Food departments cost of goods sold as a % of Sales................................. 47% Beverage departments cost of goods sold as a % of Sales............................ 21% Food departments desired ending inventory as a % of next month's sales:........ 26% Beverage departments desired ending inventory as a % of next month's sales:.. 42% REQUIRED: "Make sure you provide a totally separate purchases budget for Food and for Beverages. "Provide your answer in standard cost of goods calculation format (as per class project) "Make sure you provide brief detail on how you arrived at key numbers
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