Question
EX 8-1: The Kluzinski Caf is a 100-seat restaurant oriented to family dining. Selected information is provided from operations in four short scenarios. Required: Answer
EX 8-1: The Kluzinski Caf is a 100-seat restaurant oriented to family dining. Selected information is provided from operations in four short scenarios. Required: Answer the question for each scenario: 1. The caf had a beginning food inventory of $8,000 and an ending food inventory of $10,000 for 20X2. The inventory turnover was 24, and employee food expense was $3,000 for the year. What was the total cost of food sold? 2. The caf had food sales during June 20X2, of $60,000, of which 40 percent were during lunch. If the caf was open 26 days during the month and the average seat turnover was 1.5 per lunch period, what was the average lunch food service check? 3. The cafe's cost of food sold percentage was 34 percent during April 20X2. Total food sales in April were $80,000. The cost of employee meals for April totaled $200. What was the cost of food used? 4. The cost of food sold during July totaled $30,000. The beginning food inventory equaled $9,000 and the food inventory turnover was 3.1 times. If the cost of employee meals was $300 for the month, what was the ending food inventory?
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