Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the Smith's BBQ Report, all of your hourly personnel are getting a promotion this week. As a result, your hourly wages for next week
Using the Smith's BBQ Report, all of your hourly personnel are getting a promotion this week. As a result, your hourly wages for next week will be 8% more than the current week. What will be the approximate Total Payroll Variance from the current week to next week if all other factors remain the same?
Smith's BBQ Food Liquor Beer Wine Total Sales Cost of Sales Food Beverages Liquor Beer Wine Total Beverages Sales March 7 Current Week Variance (Current Week % of Sales Sales ($) % of Sales $ - Last Week $) $ 34,421 81.4% $ 33,215 80.9% 1,206 $ 3,201 7.6% $ 3,176 7.7% 25 $ 1,803 4.3% $ 1,699 4.1% 104 $ 2,888 6.8% $ 2,992 7.3% -104 $ 42,313 100.0% $ 41,082 100.0% 1,231 $ 9,832 23.2% $ 9,294 22.6% -538 $ 884 27.6% $ 898 28.3% 14 $ 728 40.4% $ 722 42.5% -6 $ 1,243 43.0% $ 1,268 42.4% 25 $ 2,855 36.2% $ 2,888 36.7% 33 $ 12,687 30.0% $ 12,182 29.7% -505 $ 3,400 8.0% $ 3,400 8.3% $ 8,579 20.3% $ 8,423 20.5% -156 $ 11,979 28.3% $ 11,823 28.8% -156 $ 2,102 5.0% $ 2,098 5.1% -4 Total Payroll $ 14,081 33.3% $ 13,921 33.9% -160 Total Cost $ 26,768 63.3% $ 26,103 63.5% -655 Using the Smith's BBQ Report, all of your hourly personnel are getting a promotion this week. As a result, your hourly wages for next week will be 8% more than the current week. What will be the approximate Total Payroll Variance from the current week to next week if all other factors remain the same? A $156 B $9,265 C $842 D $686 Total Cost of Sales Payroll Management Hourly Total Wages Total Benefits March 1 Last Week Sales ($)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 Started