Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D E F G H 1 Chapter 9, Question 2 2 3 Roscco Burnett is the manager of a New York-style delicatessen. Roscco's 4 boss

image text in transcribed
image text in transcribed
image text in transcribed
D E F G H 1 Chapter 9, Question 2 2 3 Roscco Burnett is the manager of a New York-style delicatessen. Roscco's 4 boss has established performance targets that determine the amount of bonus Roscco will receive each month. Roscco's performance is evaluated 5 in five separate categories Roscco receives a 2 percent bonus for each of 6 the five targets he achieves. He eams a 2 percent bonus when: 7 a. His food cost is 30 percent or less 8 b. His total cost of sales is 31 percent or less. c. His labor cost is 22 percent or less for the "Staff category 9 d. His total labor cost is 35 percent or less. 10 e. His prime costs are less than 63 percent. 11 12 If he achieves all five of his targets, the maximum bonus Roscco can 13 achieve is 10 percent of his monthly salary. Review the targets established for Roscco's performance, complete Rosoco's P&L Sales and Prime Cost 14 sections, and then answer the question that follows. 15 16 Roscco's P&L Sales and Prime Cost 17 This Month % of sales 18 SALES 19 Food $71,500 on Bevecade 9.250 D F G M B D E 16 Roscco's P&L Sales and Prime Cost 17 This Month % of sales 18 SALES 19 Food $71,500 20 Beverage 9,250 21 Total Sales $80,750 22 COST OF SALES 23 Food $22,250 24 Beverage 2,200 25 Total Cost of Sales $24.450 + 26 LABOR 27 Management $4.750 28 Staff 16,252 29 Employee Benefits 6,225 30 Total Labor Cost $27,227 31 PRIME COST 32 33 What percent of his monthly salary will Roscco receive as a bonus this month? What will 34 he need to do to help increase the chances of maximizing his bonus next month? 35 Q1 Q2 Q5 Q7 08 09 a 48F Beverage 2,200 S Total Cost of Sales $24.450 LABOR Management $4,750 s Staff 16,252 e Employee Benefits 6,225 0 Total Labor Cost $27,227 1 PRIME COST 2 3 What percent of his monthly salary will Roscco receive as a bonus this month? What will 4 he need to do to help increase the chances of maximizing his bonus next month? 55 36 37 Answer: 38 39 40 41 42 01 02 Q5 Q7 08 09

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

Accounting Fundamentals For Health Care Management

Authors: Steven A. Finkler, David M. Ward, Thad Calabrese

3rd Edition

1284124932, 9781284124934

More Books

Students also viewed these Accounting questions

Question

Why does it matter whether the note was negotiable?

Answered: 1 week ago