A hotel’s food department statement shows the following: Food revenue $400,000 Beverage revenue 100,000 Total revenue 500,000 Food cost of sales 120,000 Beverage cost of sales 20,000 Total cost of sales 140,000 a.) What is the food profit? b.) What is the beverage profit? c.) What is the total profit on food and beverage? d.) What is the food cost percentage? e.) What is the beverage cost percentage?

Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Answered: A hotel’s food department statement…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following is a schedule of food sales by dining facility. What is the percentage of total sales for each facility? Lunch room $4,000Dining Room $12,000
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The management accountant for Giada's Book Store has prepared the following income statement for the most current year:                                                               Cookbook      Travel Book Classics          Total     Sales                                                    $65,000           $164,000              $55,000       $284,000     Cost of goods sold 37,000                67,000                20,000         124,000     Contribution margin 28,000                97,000                35,000         160,000     Order and delivery processing 21,000                25,000                11,000           57,000     Rent (per sq. foot used) 5,000                  4,000                  4,000           13,000     Allocated corporate costs 10,000                10,000                10,000           30,000     Corporate profit…
The management accountant for Giada's Book Store has prepared the following income statement for the most current year: Cookbook Travel Book Classics Total     Sales $60,000 $100,000 $40,000       $200,000     Cost of goods sold 36,000 65,000 20,000 121,000     Contribution margin 24,000 35,000 20,000           79,000 Order and delivery process 18,000 21,000 8,000           47,000     Rent (per sq. foot used) 2,000 1,000                  3,000 6,000     Allocated corporate costs 7,000 7,000 7,000 21,000     Corporate profit $ (3,000) $ 6,000 $ 2,000          $ 5,000 If the cookbook product line had been discontinued prior to this year, the company would have reported ________. Select one: a. greater corporate profits…
A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net)                                     $              926,000 Food revenue (net)                                                         295,342 Beverage revenue (net)                                                125,222 Cost of food sales                                                             119,683 Paid rooms occupied                                                      16,831 Rooms available (80 daily)                                            29,200 (80 x 365) Food covers                                                                        38,129   Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage
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Meals served are $15,000, coffee $500, milk $300, soft drinks $700, beer $1,200, wine $800, mixed drinks $400. What is the amount of food sales? Compute the following schedule of food sales by each meal period. If necessary, show the percentages with one decimal position, properly rounded. Meals Served Sales Percent Breakfast 100 $425 Lunch 250 $1175 % Dinner 100 $1400 % Total…

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