Homework Answers
- 1. Varriable expenses= Cost of goods sold+ hourly wages+supplies= 450000+185000+75000= $710000
- Variable rate= 710000/1500000= 47.33%
3. total fixed expenses= Salary,+ rent+utilities+trash removal+lgal&accounting+insurance= 250000+130000+150000+15000+20000+75000= 640000
2. Break even point= Fixed cost/ Contribution margin ratio
- Contribution margin ratio= 100- variable expense ratio= 100-47.33= 52.67%
- BEP($)= 640000/52.67%= $1215113
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XYZ Restaurant.
a) What is the variable rate fir XYZ Restaurant?
b) What is the break-even...
Hospitality Cost Accounting question Sorry! question already answered! thanks! RESTAURANT SALES COST OF GOODS SOLD $1,500,000.00...
Hospitality Cost Accounting question
Sorry! question already answered! thanks!
RESTAURANT SALES COST OF GOODS SOLD $1,500,000.00 100.00% $ 30.00% 450,000.00 GROSS PROFIT $1,050,000.00 70.00% EXPENSES SALARY 16.67% HOURLY WAGES 12.33% SUPPLIES 5.00% $250,000.00 $185,000.00 $75,000.00 $130,000.00 $150,000.00 $15,000.00 RENT 8.67% UTILITIES 10.00% TRASH REMOVAL 1.00% LEGAL & ACCOUNTING $20,000.00 1.33% 4% INSURANCE TOTAL EXPENSES $75,000.00 $900,000.00 60.00% PROFIT BEFORE DEPREC.. AMORT. & INCOME $ TAXES 150,000.00 10.00% TOTAL EXPENSES $900,000.00 60.00% PROFIT BEFORE DEPREC., AMORT. & INCOME $ TAXES 150,000.00...
Hospitality Cost Accounting Exercise XYZ RESTAURANT SALES $1,400,000.00 100.00% FOOD BEVERAGE TOTAL SALES COST OF FOOD...
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% LEGAL & ACCOUNTING $20,000.00 1.43% TOTAL EXPENSES $813,500.00 58.11% PROFIT BEFORE DEPREC. AND INCOME TAXES $101,500.00 7.25% Please show all your work! a. Sales...
please answer one and two. Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs...
please answer one and two.
Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs the following expenses: Each pizza sells for $10.00/each. Fixed Costs per month Variable Costs per pizza Flour 0.50 General Labor Rent 1,500 3,000 3.00 Cheese Peppero ni Utilities 450 2.00 Please submit your answers to the following questions: 1. What is the contribution margin? 2. How many pizzas must the restaurant sell in order to break even every month? 3. If XYZ Restaurant wants...
look Show Me How B Calculator Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at f...
look Show Me How B Calculator Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 169,200 units at a price of $45 per unit during the current year. Its Income statement is as follows: sales $7,614,000 Cost of goods sold 2,700,000 Gross profit $4.914,000 Expenses: Selling expenses $1,350,000 Administrative expenses 810,000 Total expenses 2,160,000 Income from operations $2,754,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold...
A.) What is Shop 48's annual break-even point in unit sales and dollar sales? B.) If...
A.) What is Shop 48's annual break-even point in unit sales and
dollar sales?
B.) If 27,600 pairs of shoes are sold in a year, what would be
Shop 48’s net operating income (loss)?
C.) The company is considering paying the Shop 48 store manager
an incentive commission of 75 cents per pair of shoes (in addition
to the salesperson’s commission). If this change is made, what will
be the new break-even point in unit sales and dollar sales?
D.)...
Break-Even in Units, Target Income, New Unit Variable Cost, Degree of Operating Leverage, Percent Change in...
Break-Even in Units, Target Income, New Unit Variable Cost, Degree of Operating Leverage, Percent Change in Operating Income Reagan, Inc., has developed a chew-proof dog bed-the Tuff-Pup. Fixed costs are $204,400 per year. The average price for the Tuff-Pup is $36, and the average variable cost is $22 per unit. Currently, Reagan produces and sells 20,000 Tuff-Pups annually. Required: 1. How many Tuff-Pups must be sold to break even? units 2. If Reagan wants to earn $95,900 in profit, how...
1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without...
1. What is the monthly break-even point in unit
sales and in dollar sales?
2. Without resorting to computations, what is
the total contribution margin at the break-even point?
3-a. How many units would have to be sold each
month to earn a target profit of $70,800? Use the formula
method.
3-b. Verify your answer by preparing a
contribution format income statement at the target sales level.
4. Refer to part 3 and now assume that the tax
rate is...
Problem 5-25 Changes in Fixed and Variable Costs; Break-Even and Target Profit Analysis [LO5-4, LO5-5, LO5-6]...
Problem 5-25 Changes in Fixed and Variable Costs; Break-Even and Target Profit Analysis [LO5-4, LO5-5, LO5-6] Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $2.70 per unit. Enough capacity exists in the company’s plant to produce 30,400 units of the toy each month. Variable expenses to manufacture and sell one...
outback outfitters sells recreational eauipment 1. What is the break even point in unit sales and...
outback outfitters sells recreational eauipment
1. What is the break even point in unit sales and in dollar
sales?
2. if the variable expenses per stove increase as a percentage
of the selling price will it result in a higher or lower break even
point?
3. at present the company is selling 13,000 stoves per month.
the sales manager is convinced that a 10% reduction in the selling
price would result in a 25% increase in monthly sales of stoves....
Hospitality Cost Accounting question
Sorry! question already answered! thanks!
RESTAURANT SALES COST OF GOODS SOLD $1,500,000.00 100.00% $ 30.00% 450,000.00 GROSS PROFIT $1,050,000.00 70.00% EXPENSES SALARY 16.67% HOURLY WAGES 12.33% SUPPLIES 5.00% $250,000.00 $185,000.00 $75,000.00 $130,000.00 $150,000.00 $15,000.00 RENT 8.67% UTILITIES 10.00% TRASH REMOVAL 1.00% LEGAL & ACCOUNTING $20,000.00 1.33% 4% INSURANCE TOTAL EXPENSES $75,000.00 $900,000.00 60.00% PROFIT BEFORE DEPREC.. AMORT. & INCOME $ TAXES 150,000.00 10.00% TOTAL EXPENSES $900,000.00 60.00% PROFIT BEFORE DEPREC., AMORT. & INCOME $ TAXES 150,000.00...
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% LEGAL & ACCOUNTING $20,000.00 1.43% TOTAL EXPENSES $813,500.00 58.11% PROFIT BEFORE DEPREC. AND INCOME TAXES $101,500.00 7.25% Please show all your work! a. Sales...
please answer one and two.
Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs the following expenses: Each pizza sells for $10.00/each. Fixed Costs per month Variable Costs per pizza Flour 0.50 General Labor Rent 1,500 3,000 3.00 Cheese Peppero ni Utilities 450 2.00 Please submit your answers to the following questions: 1. What is the contribution margin? 2. How many pizzas must the restaurant sell in order to break even every month? 3. If XYZ Restaurant wants...
look Show Me How B Calculator Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 169,200 units at a price of $45 per unit during the current year. Its Income statement is as follows: sales $7,614,000 Cost of goods sold 2,700,000 Gross profit $4.914,000 Expenses: Selling expenses $1,350,000 Administrative expenses 810,000 Total expenses 2,160,000 Income from operations $2,754,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold...
A.) What is Shop 48's annual break-even point in unit sales and
dollar sales?
B.) If 27,600 pairs of shoes are sold in a year, what would be
Shop 48’s net operating income (loss)?
C.) The company is considering paying the Shop 48 store manager
an incentive commission of 75 cents per pair of shoes (in addition
to the salesperson’s commission). If this change is made, what will
be the new break-even point in unit sales and dollar sales?
D.)...
Break-Even in Units, Target Income, New Unit Variable Cost, Degree of Operating Leverage, Percent Change in Operating Income Reagan, Inc., has developed a chew-proof dog bed-the Tuff-Pup. Fixed costs are $204,400 per year. The average price for the Tuff-Pup is $36, and the average variable cost is $22 per unit. Currently, Reagan produces and sells 20,000 Tuff-Pups annually. Required: 1. How many Tuff-Pups must be sold to break even? units 2. If Reagan wants to earn $95,900 in profit, how...
1. What is the monthly break-even point in unit
sales and in dollar sales?
2. Without resorting to computations, what is
the total contribution margin at the break-even point?
3-a. How many units would have to be sold each
month to earn a target profit of $70,800? Use the formula
method.
3-b. Verify your answer by preparing a
contribution format income statement at the target sales level.
4. Refer to part 3 and now assume that the tax
rate is...
outback outfitters sells recreational eauipment
1. What is the break even point in unit sales and in dollar
sales?
2. if the variable expenses per stove increase as a percentage
of the selling price will it result in a higher or lower break even
point?
3. at present the company is selling 13,000 stoves per month.
the sales manager is convinced that a 10% reduction in the selling
price would result in a 25% increase in monthly sales of stoves....
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