Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 $4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? Select one: a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week O c. Projections for next week should be increased to make up the difference from this week O d. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Bevera sales projections.

Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 $4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? Select one: a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week O c. Projections for next week should be increased to make up the difference from this week O d. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Bevera sales projections.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 7CE: Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced...

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