QUESTION Jeff Fung is having issues with one of his restaurants, Sushi Prince. A) Use the appropriate tool (variance analysis) to evaluate and explain the store's performance QUANTITATIVELY B) Assess performance QUALITATIVELY. linking potential drivers to the appropriate variances. INFORMATION: One of Fung's Toronto restaurants, Sushi Prince, is not meeting profit expectations. Jeff provided the following excerpts from the budget for Sushi Prince for the last month: Meals sold 13,500 (C) material. Copyrighted not to be posted on Chess or shared on the internet Sales $377,500 Ingredients cost per meal $11.00 () material. Copyrighted not to be posted on Chegg or shared on the internet Variable overhead per meal $3.00 Jeff provided the following excerpts based on the actual results for the month: Meal sold 13,255 (C) material. Copyrighted not to be posted on Chegg or shared on the internet Meals prepared 13,613 Average sales price per meal $23.50 (C) material. Copyrighted not to be posted on Cheez or shared on the internet Ingredient cost per meal $11.75 Variable overhead per meal $2.90 (C) material. Copyrighted not to be posted on Chege or shared on the internet (C) material. Copyrighted not to be posted on Chess or shared on the internet Jeff mentioned that the economy is weakening and he is finding that customers are reacting by eating out less frequently and reducing the amount that they spend on meals, but Jeff thought that he had incorporated this into his budget. A new Mexican restaurant, Taco Tuesdays, opened down the street from Sushi Prince at the beginning of the month and Jeff is convinced that this is the main cause of the variances from budget. Servers were complaining that there were less customers as a result (C) material. Copyrighted not to be posted on Chess or shared on the internet Jeff mentioned that a few suppliers had increased their prices of some of the more exotic items served on the menu as these items are becoming harder to procure. There have also been several issues with errors in meal preparation due to server carelessness or incorrect orders being prepared in the kitchen. The city implemented new rebates on the cost of some utilities during the month. FORMATION: LILLE pyrned not to be posted on or shared on the intemet (C) material. Copyrighted not to be posted on chers or shared on the internet One of Fung's Toronto restaurants, Sushi Prince, is not meeting profit expectations. Jeff provided the following excerpts from the budget for Sushi Prince for the last month: Meals said Sales Ingredients cost per meal Variable overhead per meal 13,500 $377 500 $11.00 $3.00 (C) material. Copyrighted not to be posted on Cherg or shared ont (C) material. Copyrighted not to be posted on Chers or shared ont Jeff provided the following excerpts based on the actual results for the month: (C) material. Copyrighted not to be posted on Chege or shared on Meal sold Meals prepared Average sales price per meal Ingredient cost per meal Variable overhead per meal 13,255 13,613 $23.50 $11.75 $2.90 (C) material. Copyrighted not to be posted on Chegg or shared on (C) material. Copyrighted not to be posted on Chess or shared on (C) material. Copyrighted not to be posted on Chegg or shared on the internet Jeff mentioned that the economy is weakening and he is finding that customers are reacting by eating out less frequently and reducing the amount that they spend on meals, but Jeff thought that he had incorporated this into his budget. A new Mexican restaurant. Taco Tuesdays opened down the street from Sushi Prince at the beginning of the month and Jeff is convinced that this is the main cause of the variances from budget Servers were complaining that there were less customers as a result. C) material. Copyrighted not to be posted on Chess or shared on the inte Jeff mentioned that a few suppliers had increased their prices of some of the more exotic items served on the menu as these items are becoming harder to procure. There have also been several issues with errors in meal preparation due to server carelessness or incorrect orders being prepared in the kitchen The city implemented new rebates on the cost of some utilities during the month matenal Copyrighted not to be posted on Chess or shared on the internet QUESTION Jeff Fung is having issues with one of his restaurants, Sushi Prince. A) Use the appropriate tool (variance analysis) to evaluate and explain the store's performance QUANTITATIVELY B) Assess performance QUALITATIVELY. linking potential drivers to the appropriate variances. INFORMATION: One of Fung's Toronto restaurants, Sushi Prince, is not meeting profit expectations. Jeff provided the following excerpts from the budget for Sushi Prince for the last month: Meals sold 13,500 (C) material. Copyrighted not to be posted on Chess or shared on the internet Sales $377,500 Ingredients cost per meal $11.00 () material. Copyrighted not to be posted on Chegg or shared on the internet Variable overhead per meal $3.00 Jeff provided the following excerpts based on the actual results for the month: Meal sold 13,255 (C) material. Copyrighted not to be posted on Chegg or shared on the internet Meals prepared 13,613 Average sales price per meal $23.50 (C) material. Copyrighted not to be posted on Cheez or shared on the internet Ingredient cost per meal $11.75 Variable overhead per meal $2.90 (C) material. Copyrighted not to be posted on Chege or shared on the internet (C) material. Copyrighted not to be posted on Chess or shared on the internet Jeff mentioned that the economy is weakening and he is finding that customers are reacting by eating out less frequently and reducing the amount that they spend on meals, but Jeff thought that he had incorporated this into his budget. A new Mexican restaurant, Taco Tuesdays, opened down the street from Sushi Prince at the beginning of the month and Jeff is convinced that this is the main cause of the variances from budget. Servers were complaining that there were less customers as a result (C) material. Copyrighted not to be posted on Chess or shared on the internet Jeff mentioned that a few suppliers had increased their prices of some of the more exotic items served on the menu as these items are becoming harder to procure. There have also been several issues with errors in meal preparation due to server carelessness or incorrect orders being prepared in the kitchen. The city implemented new rebates on the cost of some utilities during the month. FORMATION: LILLE pyrned not to be posted on or shared on the intemet (C) material. Copyrighted not to be posted on chers or shared on the internet One of Fung's Toronto restaurants, Sushi Prince, is not meeting profit expectations. Jeff provided the following excerpts from the budget for Sushi Prince for the last month: Meals said Sales Ingredients cost per meal Variable overhead per meal 13,500 $377 500 $11.00 $3.00 (C) material. Copyrighted not to be posted on Cherg or shared ont (C) material. Copyrighted not to be posted on Chers or shared ont Jeff provided the following excerpts based on the actual results for the month: (C) material. Copyrighted not to be posted on Chege or shared on Meal sold Meals prepared Average sales price per meal Ingredient cost per meal Variable overhead per meal 13,255 13,613 $23.50 $11.75 $2.90 (C) material. Copyrighted not to be posted on Chegg or shared on (C) material. Copyrighted not to be posted on Chess or shared on (C) material. Copyrighted not to be posted on Chegg or shared on the internet Jeff mentioned that the economy is weakening and he is finding that customers are reacting by eating out less frequently and reducing the amount that they spend on meals, but Jeff thought that he had incorporated this into his budget. A new Mexican restaurant. Taco Tuesdays opened down the street from Sushi Prince at the beginning of the month and Jeff is convinced that this is the main cause of the variances from budget Servers were complaining that there were less customers as a result. C) material. Copyrighted not to be posted on Chess or shared on the inte Jeff mentioned that a few suppliers had increased their prices of some of the more exotic items served on the menu as these items are becoming harder to procure. There have also been several issues with errors in meal preparation due to server carelessness or incorrect orders being prepared in the kitchen The city implemented new rebates on the cost of some utilities during the month matenal Copyrighted not to be posted on Chess or shared on the internet
