Beverage sales are $80,000 and are 40% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17% and other expenses are 20%. Calculate: a) Total Sales b) Food Sales c) Cost of food sales d) Gross Margin and Gross Margin percentage e) Net Income and Net Income Percentage

Beverage sales are $80,000 and are 40% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17% and other expenses are 20%. Calculate: a) Total Sales b) Food Sales c) Cost of food sales d) Gross Margin and Gross Margin percentage e) Net Income and Net Income Percentage

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 16E

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