Question
Calculate the Variances in percentage and state if they are Positive or Adverse Brunswick Caf Budget 2016/17 Income Budget Actual Variance % Positive or Adverse
- Calculate the Variances in percentage and state if they are Positive or Adverse
| Brunswick Caf Budget 2016/17 | ||||
| Income | Budget | Actual | Variance % | Positive or Adverse |
| Breakfast - food | $364'000 | $395'522 | ||
| Breakfast - Bev | $26'500 | $31'200 | ||
| Lunch - Food | $525'000 | $425'336 | ||
| Lunch - Bev | $157'500 | $110'988 | ||
| Dinner - Food | $730'000 | $745'369 | ||
| Dinner - Bev | $219'000 | $225'120 | ||
| Functions - Food | $456'000 | $788'300 | ||
| Functions - Bev | $136'800 | $220'367 | ||
| Total | $2'614'800 | $2'942'172 | ||
| Expenses | ||||
| Purchases Food | $664'000 | $753'448 | ||
| Purchases Bev | $162'000 | $199'810 | ||
| Wages | $993'600 | $1'059'181 | ||
| Superannuation | $91'910 | $97'974 | ||
| Rent | $80'000 | $80'000 | ||
| Marketing | $25'000 | $22'300 | ||
| Waste disposal | $3'200 | $3'500 | ||
| Office supplies | $4'500 | $6'100 | ||
| WorkCover | $18'000 | $19'000 |
2.Look at the wages and show calculations to demonstrate if the actual figures are Positive or Adverse to the budget estimates when compared to sales.
3.Calculate the food cost and show calculations to prove if the actual figures are Positive or Adverse to the budget estimates when compared to sales.
4.Evaluate the beverage cost and show calculations to demonstrate if the actual figures are Positive or Adverse to budget estimates, when compared to sales
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
