Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the following: Prime Cost (in dollars) Prime Cost Percent Sales Exhibit 5.12 Profit-and-Loss Statement Food Bar Total sales Cost of sales Food Bar Total

Compute the following: Prime Cost (in dollars) Prime Cost PercentĀ Exhibit 5.12 Profit-and-Loss Statement Sales $366,412 138,222 73% 27 $504,634 100.0% $128,944 29,978 35% 22 31.5% $ 158,922 $

Sales Exhibit 5.12 Profit-and-Loss Statement Food Bar Total sales Cost of sales Food Bar Total cost of sales Gross profit Operational expenses Wages Vacation and retirement Payroll taxes Employee meals Salaries Supplies Maintenance and repair Laundry and uniforms Advertising Dishes, glassware, etc. Heat, light, and power Office expenses Total operational expenses Occupancy expenses Capital costs (interest, mortgage) Rent Insurance Depreciation Taxes Total occupancy expenses Total operational and occupancy expenses Net profits $366,412 138,222 $128,944 29,978 $151,402 10,093 5,407 10,067 12,617 15,008 7,511 11,608 2,418 7,710 15,001 7,065 $15,140 35,327 2,487 20,187 10,008 $7,016 73% 27 35% 22 30.0% 2.0 1.0 2.0 2.5 3.0 1.5 2.3 0.5 1.5 3.0 1.4 3.0 7.0 0.5 4.0 2.0 1.4% $504,634 $158,922 $345,712 $255,547 $83,149 $338,696 100.0% 31.5% 68.5% 50.6% 16.5% 67.1%

Step by Step Solution

3.30 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

Prime CostDirect materialDirect labour 15892... 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_2

Step: 3

blur-text-image_3

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

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions