Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CD-ROM Exercise 2.2 Use the figures givenbelow to complete the statement of income for the Blackburn Tavern, calculate percentages for each catagory as illustrated in

CD-ROM Exercise 2.2

Use the figures givenbelow to complete the statement of income for the Blackburn Tavern, calculate percentages for each catagory as illustrated in Figure 2.1

Food Sales $723,556.00

Salariesand Wages $228,456.00

Beverage Sales $224,945.00

Other Controllable $145,532.00

Beverage Cost $ 57,534.00

Employee Benefits $ 14,667.00

Food Cost $265,998.00

Occupancy Costs $ 44,860.00

Depreciation Expense $ 74,856.00

Interest $ 21,790.00
Exercise 2.2
Blackburn Tavern
INCOME STATEMENT Percent of Sales
YEAR ENDED DECEMBER 31, 20XX
Sales
Food $ %
Beverage %
Total Sales $ - %
Cost of Sales
Food $ %
Beverage %
Total Cost of Sales $ - %
Gross Profit $ - %
Controllable Expenses
Salaries and Wages $ %
Employee Benefits %
Other Controllable Expenses %
Total Controllable Expenses $ - %
Income Before Occupancy costs $ - %
Interest, Depreciation, and Income Taxes
Occupancy Costs $ %
Interest %
Depreciation %
Total $ - %
Restaurant Profit $ - %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Principles And Applications

Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs

1st Edition

1412908434, 978-1412908436

More Books

Students also viewed these Accounting questions

Question

Identify the primary goal of psychodynamic psychotherapy.

Answered: 1 week ago