Restaurant manager Sam has just presented below the operational results of the restaurant to the owner John. The results are presented as below. (10 marks)

	Fiscal year
	Aug 2018 – July 2019	Aug 2019 – July 2020
Sales	$3,560,770.00	$3,650,230.00
F&B Cost	31%	$1,168,073.60
Labour Cost	33%	$1,241,078.20

Sam has proudly said that his management effort has led to increase in sales. However,

John remembered that as in August 2019 all the selling prices were increased by 6%. At the same time, all salaries were increased by 8% to increase attractiveness to new employees and to keep present employees from leaving.

John is asking you to help analysing the performance by evaluating sales variances%, F&B costs% and labour costs% with known information in comparison to the previous year’s results and explain the results to him.