Question
The management company for your restaurant has updated their forecast for the first six months of the year. Using the information given, prepare line
The management company for your restaurant has updated their forecast for the first six months of the year. Using the information given, prepare line item budget for the lines given, and calculate the percentages of revenue for each line Covers Average Check Food Revenue Payroll Expense $ 12,300 12.95 $ 11,500 12.95 12,000 13,500 15,000 15,500 $ 12.95 $ 12.95 $ 12.95 $ 12.95 Hourly Rate/Salary Productivity Standard Jan Feb Mar Apr May $ % $ % $ % $ % $ % $ Management $ 160,000 Fixed Host $ 12.50 Fixed Servers $ 7.50 0.110 Runners $ 10.50 0.050 Line Cooks $ 13.50 0.090 Preparation $ 12.50 0.045 Dishwashers $ 9.50 Fixed Cleaners $ 9.75 Fixed Total Wages PTEB 51.00% Total Payroll Expense June %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App