Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SHOW YOUR WORK. FOR PERCENTAGES ROUND TO THE NEAREST TENTHS. FOR DOLLAR AMOUNTS AND DECIMALS ROUND TO THE NEAREST HUNDRETHS 2. Roscco Burnett is the

image text in transcribed

SHOW YOUR WORK. FOR PERCENTAGES ROUND TO THE NEAREST TENTHS. FOR DOLLAR AMOUNTS AND DECIMALS ROUND TO THE NEAREST HUNDRETHS

2. Roscco Burnett is the manager of a New York-style delicatessen. Roscco's boss has established performance targets that determine the amount of bonus Roscco will receive each month. Roscco's performance is evaluated in five separate categories. Roscco receives a 2% bonus for each of the five targets he achieves. He earns a 2% bonus when: A. His food cost is 30% or less. B. His total cost of sales is 31% or less. C. His labor cost is 22% or less for the "Staff" category. D. His total labor cost is 35% or less. E. His prime costs are less than 63%. If he achieves all five of his targets, the maximum bonus Roscco can achieve is 10% of his monthly salary. Review the targets established for Roscco's performance, complete Roscco's P&L Sales and Prime Cost sections, and then answer the question that follows. Roscco's P&L Sales and Prime Cost This Month % $71,500 9,250 $22,250 2,200 SALES Food Beverage Total Sales COST OF SALES Food Beverage Total Cost of Sales LABOR Management Staff Employee Benefits Total Labor Cost PRIME COST $4,750 16,252 6,225 (1) What is Roscco's food sales percentage and beverage sales percentage? (2 points) (2) What is Roscco's Food cost percentage and Beverage cost percentage? (2 points) (3) What is Roscco's labor cost percentage? (2 points) (4) What is Roscco's prime cost percentage? (2 points) (5) of the five targets, which target(s) did Roscco achieved? What percent of his monthly salary will Roscco receive as a bonus this month? (2 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions