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Country Bistro had the following revenue and expenses for the year ended December 31, 2021. Revenue-Food $551,600 Revenue-Beverages $369,500 Cost of Sales-Food $137,900 Cost of
Country Bistro had the following revenue and expenses for the year ended December 31, 2021.
Revenue-Food | $551,600 |
Revenue-Beverages | $369,500 |
Cost of Sales-Food | $137,900 |
Cost of Sales-Beverages | $110,850 |
Depreciation Expense | $61,100 |
Insurance Expense | $21,000 |
Maintenance Expense | $11,800 |
Rent Expense | $134,600 |
Salaries & Wages Expense-Kitchen | $134,700 |
Salaries & Wages Expense-Servers | $56,600 |
Salaries & Wages Expense-Management | $72,900 |
Supplies Expense | $7,300 |
Utilities Expense | $49,500 |
Required
Prepare a statement of income under USAR for Country Bistro to determine operating income, including percentages. Note that, for simplicity, interest and income tax are not included.
Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Round percentages to 1 decimal place.
Country Bistro Statement of Income For the Year Ended December 31, 2021 | ||
Revenue | ||
Food | $Answer
| Answer % |
Beverages | $Answer
| Answer % |
Total Revenue | $Answer
| Answer % |
Cost of Sales | ||
Food | $Answer
| Answer % |
Beverages | $Answer
| Answer % |
Total Cost of Sales | $Answer
| Answer % |
Labour | ||
Kitchen | $Answer
| Answer % |
Servers | $Answer
| Answer % |
Management | $Answer
| Answer % |
Total Labour | $Answer
| Answer % |
Prime Costs | $Answer
| Answer % |
Other Controllable Expenses | ||
Maintenance Expense | $Answer
| Answer % |
Supplies Expense | $Answer
| Answer % |
Utilities Expense | $Answer
| Answer % |
Total Other Controllable Expenses | $Answer
| Answer % |
Controllable Income | $Answer
| Answer % |
Non-Controllable Expenses | ||
Depreciation Expense | $Answer
| Answer % |
Insurance Expense | $Answer
| Answer % |
Rent Expense | $Answer
| Answer % |
Total Non-Controllable Expenses | $Answer
| Answer % |
Operating Income | $Answer
| Answer % |
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