Summary Operating Statement

Problem 4 A hotel's food department statement shows the following: Food revenue Beverage revenue Total revenue Food cost of sales Beverage cost of sales Total cost of sales $400,000 100,000 500,000 120,000 20,000 140,000 a. What is the food profit? b. What is the beverage profit? c. What is the total profit on food and beverage? d. What is the food cost percentage? e. What is the beverage cost percentage