From the information below calculate the following three answers: food cost is [x] % beverage cost is
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From the information below calculate the following three answers: food cost is [x] % beverage cost is [y] % gross profit is [z] $ Data table to calculate food cost, beverage cost, and gross profit. SALES FOOD $194,5710 86% BEVERAGE $31,675 14% TOTAL SALES $226,245 100% COST OF GOODS SOLD FOOD COST $56,584 QUESTION 1 (X) BEVERAGE COST $6,296 QUESTION 2 (Y) TOTAL COST OF GOODS SOLD $62,880 27.79% GROSS PROFIT QUESTION 3 (Z) 72.1%
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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