Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please 11. (20 marks) Tanya is the manager of a restaurant in downtown Vancouver. Tanya's boss has established performance targets that determines the amount

help please
image text in transcribed
11. (20 marks) Tanya is the manager of a restaurant in downtown Vancouver. Tanya's boss has established performance targets that determines the amount of bonus Tanya will receive each month. The performance is evaluated in 5 separate categories. Tanya can receive a 2% salary bonus for each of the 5 targets she achieves. Tanya earns a 2% bonus when she meets any of the following criteria: 1. Her food cost is 25% or less. 2. Her total cost of sales is 24% or less. 3. Her total labor cost is 30% or less. 4. Her beverage cots is 20% or less 5. Her prime costs are less than 60% of total sales. Complete the following table, then perform a vertical analysis based on Total Sales, and answer the questions that follows. This Month% SALES Food 70,000 Beverage 50,000 Total Sales COST OF SALES Food 21.000 Beverage 9,000 Total Cost of Sales LABOR Management 17.000 Stall 21,000 Employee Benefits 2.000 Total Labor Cost PRIME COST a. Did Tanya achieve her targeted food cost percentage? (Why) b. b. Did Tanya achieve her targeted cost of sales percentage? (Why) c. Did Tanya achieve her targeted beverage cost percentage? (Why) d. Did Tanya achieve her targeted total labor cost percentage? (Why) e. Did Tanya achieve her targeted Prime cost percentage? (Why) f. What % of her monthly salary will Tanya receive as a bonus this month? (Why)

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

Financial And Managerial Accounting Information For Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

7th Edition

1259726703, 9781259726705

More Books

Students also viewed these Accounting questions

Question

a. Where is the person employed?

Answered: 1 week ago