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please post formulas, so I can learn. Thank you! % of Total Meals Served Per Meal Cost $ B 1 Chapter 9, Question 10 2
please post formulas, so I can learn. Thank you!
% of Total Meals Served Per Meal Cost $ B 1 Chapter 9, Question 10 2 3 Telco Industries Food Services Department Meals Served 4 Last Year 5 Number of Meals Served 6 Cafeteria 104,250 7 Executive dining room 12,150 8 Total served 9 Total Cost $ 10 Cost of Sales 1 cafeteria $248,750 2 executive dining room 48,450 3 Total cost of sales 4 Labor 5 Management 73,332 3 Staff 171,108 Employee benefits 61.110 401(k) match 25,350 Total labor Prime Cost Other Controllable Expenses Direct operating expenses Utilities General & administrative 113,515 96,000 46,669 21,510 Aynanas Repairs & maintenance Total other controllable expenses a How much more did it.cost.(cost of sales ner meall Basil to serve a meal in the Q2 Q 9 Q 10 Q 11 2|Q4| + a. How much more did it cost (cost of sales per meal) Basil to serve a meal in the executive dining room than it did in the employee cafeteria? Why do you think that would be so? b. Basil's modified P&L combines all labor costs when calculating cost per meal served. Why do you think he elected not to allocate labor costs between the two serving areas? How could he do so? c. Assume that you were on the board of directors of Telco. How would you decide how much more money you should allocate to Basil's area next year to account for rising food prices? Who would you expect to provide you with the information you need to make an informed decision about the appropriate size of this increase? Answers Step by Step Solution
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