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Sit 'N Eat family restaurant serves three menus during the day, 7 days a week The restaurant has 25 tables that each seat 4 people

Sit 'N Eat family restaurant serves three menus during the day, 7 days a week
The restaurant has 25 tables that each seat 4 people
The restaurant experiences a seat turnover of 2 for each menu offering
The breakfast menu has three choices with selling prices of $13, $14.50 and $15
Cost of materials for breakfast is 30%, 30% and 33% for each of the above items
The lunch menu has four choices with selling prices of $15, $16, $16.50 and $18
Cost of materials for lunch is 31%, 30%, 36% and 40% for each of the above items
The dinner menu has three choices with selling prices of $25, $28 and $35
Cost of materials for dinner is 25%, 30% and 35% for each of the above items
Average daily labour cost $6,000
Average daily fixed overhead is $1,000
Average variable overhead is $650
Required:

Using the format of the Income Statement displayed in Figure 2.1 on page 53, What is

a three month and quarterly budget for Sit 'N Eat for the first quarter of the year.

If actual results show the following:
Sales: Breakfast $260,500 Lunch $300,000 Dinner $550,500
Cost of Sales: Breakfast $85,900 Lunch $105,000, Dinner $129,000
What conclusions can be drawn from these results with regard to what was sold?

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