Question
JACKs Fish House is a family-owned restaurant that specializes in German-style seafood. Data concerning the restaurants monthly revenues and costs appear below ( q refers
JACKs Fish House is a family-owned restaurant that specializes in German-style seafood. Data concerning the restaurants monthly revenues and costs appear below (q refers to the number of meals served):
| Formula |
Revenue | $ 16.50q |
Cost of ingredients | $6.25q |
Wages and salaries | $ 10,400 |
Utilities | $800 + $0.20q |
Rent | $2,200 |
Miscellaneous | $600 + $0.80q |
Prepare the restaurants planning budget for April assuming that 1,800 meals are served.
Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity.
The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April.
Revenue | $27,920 |
Cost of ingredients | $ 11,110 |
Wages and salaries | $10,130 |
Utilities | $ 1,080 |
Rent | $2,200 |
Miscellaneous | $?2,240 |
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