Question 1 (5 points)

Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.

Sales this year were $280,750 with a guest count of 83,556.

What was Willie's guest count percentage variance?

Question 1 options:

A	6.48%
B	8.50%
C	11.24%
D	9.83%

Question 2 (5 points)

Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.

Sales this year were $280,750 with a guest count of 83,556.

Using 12% as an estimated increase % for next year, what is Willie's sales forecast for next year, based on this year's sales?

Question 2 options:

A	$314,440.00
B	$305,877.13
C	$366,098.00
D	$364,301.20

Question 3 (5 points)

A long-range budget typically covers .

Question 3 options:

A	Five years
B	One week
C	One year
D	One month

Question 4 (5 points)

Assume that the average sales price is $12 and the variable cost per unit is $4.80. The fixed costs are $52,600, the desired after-tax profit is $12,000, and the tax rate is 40%. Calculate the number of customers needed to achieve the desired profit.

Question 4 options:

A	10,959
B	6,575
C	7,306
D	10,084

Question 5 (5 points)

What type of budget is management's estimate of all (or any portion of) the income statement?

Question 5 options:

A	Standards budget
B	Cash budget
C	Capital budget
D	Operations budget

Question 6 (5 points)

Given an average sales price of $12, a variable cost of $4.80 per unit, and fixed costs of $52,600, calculate the number of customers needed to break even.

Question 6 options:

A	10,084
B	7,306
C	6,575
D	10,959