Calculate the Percentages for the P&L Statement below (Remember, Food Cost % is based on Food Sales only - Hint, Hint0

Food Cost/Food Sales = Food Cost %

Beverage Cost/Beverage Sales = Beverage Cost %

Total Cost/Total Sales = Total Cost % (Note, Food Cost % plus the Beverage Cost % DOES NOT equal the Total Cost %. You must combine the two costs/total sales

Notice Costs plus Profit = Total Sales

3. Fill in the Blanks: Sales % Food 630000 Beverage 140000 Total Sales 770000 Cost of Sales Food 252000 Beverage 35000 Total Costs 287000 37.27% Gross Profit 483000 Controllable Expenses Salaries & Wages 173250 Benefits 45045 Other 82000 10.65% Total Controllable Exp 300295 Income Before Taxes 182705 Occupancy Costs 64000 Income before interest & depreciaton 118705 15.42% Interest 10000 Depreciation 28500 Total 38500 Net Profit 80205