Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the worksheet below, calculate the daily food cost in dollars and percentages for three days given the following data: Trans from Employee Date


Using the worksheet below, calculate the daily food cost in dollars and percentages for three days given the following data: Trans from Employee Date Issues Directs Trans to Bar Bar Meals Revenue 8/1 $410.00 $205.00 $71.00 $60.00 $81.00 $1850.00 8/2 $370.00 $175.00 $45.10 $51.00 $65.75 $1790.00 8/3 $520.00 $199.00 $50.70 $40.60 $68.00 $2150.00 Total Add Less Daily Food Cost Food Revenue Food Cost % Date Issues Directs Cost Adjust Adjust Today To Date Today To Date Today To Date 8/1 $410.00 $205.00 8/2 $370.00 $175.00 8/3 $520.00 $199.00 The desired food cost percentage is 27.8 percent. What should the manager do, based on calculations for the first three days of the month?

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

Financial Accounting and Reporting a Global Perspective

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

4th edition

978-1408066621, 1408066629, 1408076861, 978-1408076866

More Books

Students also viewed these Accounting questions

Question

What are the major advantages of going public?

Answered: 1 week ago

Question

7.6 Evaluate the role of stress in depression.

Answered: 1 week ago