Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thomas Paine is the dining room manager of the athens club the wages budget for his department is diviided between fixed adn variable expenses. The

Thomas Paine is the dining room manager of the athens club the wages budget for his department is diviided between fixed adn variable expenses. The work stadard for waitpersons is to serve 10 members per hour. The avergae wage rate per hour is $8.00 the variable wages budget for waitpersons for june is based on $8.00 per hour, eight-hour shits, 30 days in the month and an average of eight waitpersons per day. during the month of june the waitpersons wages totaled 17000 for 2000 hours of work the waitpersons served 24000 memebrs determine the following table:

Customers Hours Hourly Rate. Total Budget Actual Difference

2. Explain whether the budget variance determined above the significant. Assume variance significance criteria of 5 percent and $1,000. 3. Rate Paine's performance in managing the waitpersons. Support your discussion with specific numbers. 4. What is the volume variance for variable wage expense for the waitstaff for the month of June? 5. what was the budgeted waitstaff cost per cover and how does it compare with the actual?

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

Step: 3

blur-text-image

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

Budgeting And Financial Management For Nonprofit Organizations Using Money To Drive Mission Success

Authors: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier

1st Edition

1608716937, 978-1608716937

More Books

Students also viewed these Accounting questions

Question

1. What is game theory?

Answered: 1 week ago