Question

Hospitality Cost Accounting Exercise

XYZ RESTAURANT SALES $1,400,000.00 100.00% FOOD BEVERAGE TOTAL SALES COST OF FOOD SOLD $485,000.00 34.64% GROSS PROFIT $915,000.00 65.36% EXPENSES SALARY $180,000.00 12.86% WAGES $200,000.00 14.29% 4.64% 6.43% 9.29% EMPLOYEE $65,000.00 BENEFITS SUPPLIES $90,000.00 RENT $130,000.00 UTILITIES $120,000.00 TRASH REMOVAL $8,500.00 LEGAL & $20,000.00 ACCOUNTING 8.57% 0.61% 1.43% TOTAL EXPENSES $813,500.00 58.11%

Answer 1

PROFIT BEFORE DEPREC AND INCOME TAXES HAS INCREASED 38.78% = (140862.5-101500)/101500*100

D B с D E CHANGE 100% 6 33.83% 3.5 66.17% 3.5 min 1 2 XYZ RESTAURANT 3 TOTAL SALES 1484000 4 COST OF FOOD SOLD 501975 5 GROSS PROFIT 982025 6 EXPENSES 7 SALARY 186300 8 WAGES 206000 9 EMPLOYEE BENFITS 68250 10 SUPPLIES 90000 11 RENT 136500 12 UTILITIES 125400 13 TRASH REMOVAL 8712.5 14 LEGAL & ACCOUNTING 20000 15 TOTAL EXPENSES 841162.5 16 PROFIT BEFORE DEPREC 17 AND INCOME TAXES 140862.5 18 12.55% 13.88% 4.60% 6.06% 9.20% 8.45% 0.59% 1.35% 56.68% 5 4.5 2.5 9.49%