10:20(Feb 21-27)Food Cost044Beverage CostLabor CostOther CostsTotal CostsFood SalesBeverage SalesTotal Sales (Revenue)Total Profit•NProjected$6,971$3,954$8,423$7,645$26,993$18,565$12,872$31,437$4,44456% السمBased on the actual results, what adjustmentsneed to be made to Food and Beverage salesprojections for next week?O b. Projections for next week should beincreased to make up the differencefrom this weekActual$7,842$4, 156$9,541$7,645$29, 184$14,326$10,852$25,178-$4,006O a. Projections for next week should be setthe same as this week, so we can striveto reach our goals.O d. Projections for next week should beincreased because we exceeded ourprojections this week|||OO c. Because this week's actual profit (-$4006)came in below our projected profit($4444), we should reduce next week'sFood and Beverage sales projections.

When an entity is unable to achieve what it has projected, it reviews the standards and analyse what…

Answered: (Feb 21-27) ood Cost Severage Cost abor…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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Express the total costs, net profit (NP) in money and as a percentage in the table below. Sales Food Costs Labor Costs Overheads Total Costs Net Profit Net Profit percent $140.55 $40.99 $50.50 $23.34 $175.98 $55.45 $61.25 $34.00 $268.94 $81.38 $90.45 $74.88 $555.65 $120.00 $155.98 $111.54 $1010.80 $300.70 $240.54 $230.78
Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost of food sold 78000 Cost of Beverage sold 20000 Labor 111000 Controllable Expenses 67000 Non-controllable Expenses 27000 Other Expenses 4000 Identify these items from the above information: a.) Prime cost dollars and percentage b.) Controllable Income dollars and percentage c.) Operating Income dollars and percentage d.) Income before Income Taxes dollars and percntage e.) Food Cost of Sales % f.) Beverage Cost of Sales % g.) Total Cost of Sales %
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Revenue and cost details for a company’s single product are as follows:BWP per unit BWP per unitSales priceVariable costFixed costProfit15827(23)4Fixed costs are absorbed based on the company’s normal activity, which is also the company’s budgeted sales value for each period. Last period there were no changes in inventory and the company achieved a margin of safety of 20% of the actual sales volume. Fixed costs were over-absorbed by P2,400.Required: a. Calculate the breakeven point in units for each period. b. Calculate the number of units to be produced and sold to achieve a profit of P6,600 for the period
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Ponda Express reported the following results for October 2020: REVENUE $ % Food $100,580.00 62.30% Beverage $60,820.00 37.70% TOTAL REVENUE $161,400.00 100.00% LABOR COST Hours $ Kitchen 1,260 $18,700.00 Dining Room 1,550 $14,300.00 Bar 2,810 $9,800.00 TOTAL LABOR COST 5,290 $42,800.00 For the month of October 2020, food cost was equal to 31% and beverage cost was equal to 18%. Q. What is Ponda Express' Cost of Goods Sold (COGS) in percentage for the month? A. 59.60% B. 26.10% C. 2.39% D. 33.50%

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