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Hospitality Cost Accounting question. All details are in that question

Hospitality Cost Accounting question. All details are in that question
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Answer #1

STATEMENT SHOWING SALES OF EACH MEAL IN A YEAR AND TOTAL OF ALL MEAL

DETAILS AMOUNT($)
BREAKFAST (W.N.1) 1076468.75
LUNCH(W.N.2) 1483781.25
DINNER(W.N.3) 1677812.50
TOTAL SALES IN ENTIRE YEAR 4238062.50

WORKING NOTE 1

BREAKFAST TURNOVER=GUEST IN A DAY/NO. OF SEATS

GUEST IN A DAY=NO.OF SEATS*BREAKFAST TURNOVER=125*1.9=237.5

GUEST IN A YEAR=237.5*350=83125

REVENUE FROM GUEST=$12.95*83125=1076468.75

WORKING NOTE 2

LUNCH TURNOVER=GUEST IN A DAY/NO. OF SEATS

GUEST IN A DAY=NO.OF SEATS*LUNCH TURNOVER=125*1.7=212.5

GUEST IN A YEAR=212.5*350=74375

REVENUE FROM GUEST=$19.95*74375=$1483781.25

WORKING NOTE 3

DINNER TURNOVER=GUEST IN A DAY/NO. OF SEATS

GUEST IN A DAY=NO.OF SEATS*DINNER TURNOVER=125*1.3=162.5

GUEST IN A YEAR=162.5*350=56875

REVENUE FROM GUEST=$29.50*56875=$1677812.5

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