Answered step by step
Verified Expert Solution
Question
1 Approved Answer
MONTH DOLLARS 1-Jan 12,376 INVENTORY INFORMATION Beginning Food Inventory Beginning Food Inventory Beginning Food Inventory 1-Feb 13,021 1-Mar 11,871 1-Jan 4,826 Beginning Bar Inventory Beginning
MONTH DOLLARS 1-Jan 12,376 INVENTORY INFORMATION Beginning Food Inventory Beginning Food Inventory Beginning Food Inventory 1-Feb 13,021 1-Mar 11,871 1-Jan 4,826 Beginning Bar Inventory Beginning Bar Inventory Beginning Bar Inventory 1-Feb 4,955 1-Mar 4,760 January 1,127 Promotional Expense (71% food, 29% bar) Promotional Expense (75% food, 25% bar) February 1,430 February January 31,774 30,221 Food Purchases Bar Purchases 6,271 5,932 85,663 Food Sales Bar Sales 84,192 31,665 30,829 619 606 Transfer from Kitchen to Lobby Bar Transfer to Kitchen from Lobby Bar 145 75 Employee Meal Cost 476 466 QUESTION 31 For January, what is the variance in dollars between actual food cost and budget? (3 pts) $ 254.00 $ 13,275.00 $ 245.00 QUESTION 32 Is February actual food cost over or under budget (1 pt), OVER UNDER QUESTION 33 For February, what is the variance in dollars between actual food cost and budget? (3 pts) $ 676.72 $ 766.70 $ 12,548.00 MONTH DOLLARS 1-Jan 12,376 INVENTORY INFORMATION Beginning Food Inventory Beginning Food Inventory Beginning Food Inventory 1-Feb 13,021 1-Mar 11,871 1-Jan 4,826 Beginning Bar Inventory Beginning Bar Inventory Beginning Bar Inventory 1-Feb 4,955 1-Mar 4,760 January 1,127 Promotional Expense (71% food, 29% bar) Promotional Expense (75% food, 25% bar) February 1,430 February January 31,774 30,221 Food Purchases Bar Purchases 6,271 5,932 85,663 Food Sales Bar Sales 84,192 31,665 30,829 619 606 Transfer from Kitchen to Lobby Bar Transfer to Kitchen from Lobby Bar 145 75 Employee Meal Cost 476 466 QUESTION 31 For January, what is the variance in dollars between actual food cost and budget? (3 pts) $ 254.00 $ 13,275.00 $ 245.00 QUESTION 32 Is February actual food cost over or under budget (1 pt), OVER UNDER QUESTION 33 For February, what is the variance in dollars between actual food cost and budget? (3 pts) $ 676.72 $ 766.70 $ 12,548.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started