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What is the actual prime cost %? You are running a restaurant and looking at budgeted and actual figures, Restaurant budgets $17.500 for food cost,
What is the actual prime cost %?
You are running a restaurant and looking at budgeted and actual figures, Restaurant budgets $17.500 for food cost, $8,000 for beverage cost, $200 for controllable expenses, $500 for fixed costs, and $21,000 in labor cost for December, 2018. Sales are forecasted to be $68,500 At the end of December, actual figures are $16,590 for food cost, $9,000 for beverage cost, $250 for controllable expenses, $500 for fixed costs, $19.962 for labor cost, and $70,800 in sales. What is the actual prime cost %Step by Step Solution
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