ter 10 Standard Costs and Performance Actual April performance of the Parkside restaurant was Sales 27,000 servings at $4.80 cach Food cost of $18,490 for 8,600 pounds Direct labor cost of $15,675 for i,100 hours Fixed occupancy expenses of $8,200 In early May, the manager received the following financial performance repo FALAFEL HUT-PARKSIDE Performance Report For the Month of April Actual Budgeted Variance $%137,700 $8,100 U 375 U 8,200) (8,000200 U 87,235 $ 91,450$4,215 U $129,600 Revenues Food Cost. . . (18,490) (22,950) 4,460 (15,675) (15,300) Occupancy . .. . Required a. Partition variance into variances for 1) selling price and net sales volume, 2) food variances for price and quantity, and 3) labor variances for rate and efficiency b. Using the results of your analysis, prepare an alternative reconciliation of budgeted and actual profit. Be sure to include the occupancy variance. c. Explain why the total variances for sales, food, and labor in your reconciliation differ from those originally presented to the restaurant manager. Comprehensive Performance Report Instant Computing is a contract Presented are Instant's budgeted and actual contribution income statements for October. The has three responsibility centers: and Administration are cost centers while Selling and Distribution is a profit center t manufacturer of laptop computers sold under brand named companies. company uction Production, Selling and Distribution, and Administration. INSTANT COMPUTING Budgeted Contribution Income Statement For Month of October Sales (1,800 $250) Less variable costs $450,000 Variable cost of goods sold Direct lahor (1 800 x s20 ter 10 Standard Costs and Performance Actual April performance of the Parkside restaurant was Sales 27,000 servings at $4.80 cach Food cost of $18,490 for 8,600 pounds Direct labor cost of $15,675 for i,100 hours Fixed occupancy expenses of $8,200 In early May, the manager received the following financial performance repo FALAFEL HUT-PARKSIDE Performance Report For the Month of April Actual Budgeted Variance $%137,700 $8,100 U 375 U 8,200) (8,000200 U 87,235 $ 91,450$4,215 U $129,600 Revenues Food Cost. . . (18,490) (22,950) 4,460 (15,675) (15,300) Occupancy . .. . Required a. Partition variance into variances for 1) selling price and net sales volume, 2) food variances for price and quantity, and 3) labor variances for rate and efficiency b. Using the results of your analysis, prepare an alternative reconciliation of budgeted and actual profit. Be sure to include the occupancy variance. c. Explain why the total variances for sales, food, and labor in your reconciliation differ from those originally presented to the restaurant manager. Comprehensive Performance Report Instant Computing is a contract Presented are Instant's budgeted and actual contribution income statements for October. The has three responsibility centers: and Administration are cost centers while Selling and Distribution is a profit center t manufacturer of laptop computers sold under brand named companies. company uction Production, Selling and Distribution, and Administration. INSTANT COMPUTING Budgeted Contribution Income Statement For Month of October Sales (1,800 $250) Less variable costs $450,000 Variable cost of goods sold Direct lahor (1 800 x s20
