Are these restaurant operating costs fixed or variable? Why? Labor/wages? Employment tax? Food/beverage? Utilities? Mark...
Are these restaurant operating costs fixed or variable? Why?
Labor/wages?
Employment tax?
Food/beverage?
Utilities?
Marketing/advertising?
Cleaning supplies?
Pest control?
Rent?
insurance?
interest?
Homework Answers
Fixed costs:
- Marketing/advertising
- Pest control
- Rent
- insurance
- interest
Variable costs:
- Labor/wages
- Employment tax
- Food/beverage
- Utilities?Cleaning supplies
Explanation: Fixed costs do not vary with the level of output; however, variable costs vary with the level of output.
Add Answer to:
Are these restaurant operating costs fixed or variable? Why? Labor/wages? Employment tax? Food/beverage? Utilities? Mark...
July June August Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities 0...
July June August Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities 0 $ Total variable expense $ 0 Fixed operating expenses: Salaries Rent Depreciation Advertising Utilities Total fixed expense $ $ 0 0 $ Budgeted operating expense 0 0 0 ABC Company's budgeted sales for June, July, and August are 13,400, 17,400, and 15,400 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,700; rent, $5,700;...
13. In the current year, the manager of the Downtowner Restaurant has been following the operating...
13. In the current year, the manager of the Downtowner
Restaurant has been following the operating budget reduced
here:
For the coming year, the following changes are expected:
Given these anticipated changes, prepare ab operating budget for
the Downtowner Restaurant for the coming year.
13. In the current year, the manager of the Downtowner Restaurant has been following the operating budget reproduced here For the coming year, the following changes are expected a. Food sales will increase by 10 percent...
QUESTIONS AND PROBLEMS 69 Sales Food Beverage Total sales 630,000 140,000 $770,000 Cost of Sales ...
question 13 14
Thanks for your help
We were unable to transcribe this imageQUESTIONS AND PROBLEMS 69 Sales Food Beverage Total sales 630,000 140,000 $770,000 Cost of Sales Food Beverages Total costs 252,000 35,000 Gross Profit Controllable Expenses 287,000 $483,000 Salaries and wages Employee benefits Other controllable $173,250 45,045 82,000 expenses Total Controllable Expenses Income before Occupancy $300,295 $182,705 Costs, Interest, Depreciation, and Income Taxes Occupancy Costs Income before Interest 64,000 $118,705 Depreciation, and Income Taxes Interest Depreciation Total Restaurant...
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...
What are examples of fixed and variable costs in a fast food restaurant? How do you...
What are examples of fixed and variable costs in a fast food restaurant? How do you think a firm will be able to maximize their profits if the economy starts to go into a recession?
XYZ Restaurant. a) What is the variable rate fir XYZ Restaurant? b) What is the break-even...
XYZ Restaurant.
a) What is the variable rate fir XYZ Restaurant?
b) What is the break-even point for XYZ restaurant?
c) Whar are the total fixed expenses?
XYZ 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% $20,000.00 1.33% LEGAL & ACCOUNTING INSURANCE 4% $75,000.00 $900,000.00 TOTAL EXPENSES 60.00% PROFIT BEFORE DEPREC., AMORT.&...
Difference Forecast ($) Actual ($) $ % REVENUE Rooms Food and Beverage Other Operated Departments Rentals...
Difference Forecast ($) Actual ($) $ % REVENUE Rooms Food and Beverage Other Operated Departments Rentals and Other Income Total Revenue 784.000 951,000 280,000 210,000 33,600 34,500 22,400 21,750 1,120,000 1,217,250 DEPARTMENTAL EXPENSES Rooms Food and Beverage Other Operated Departments Total Departmental Expenses 235,200 210,000 20,250 465,450 266,250 174,200 19,850 460,300 TOTAL DEPARTMENTAL INCOME 654,550 756,950 UNDISTRIBUTED OPERATING EXPENSES Administrative and General Sales and Marketing Property Operation and Maintenance Utilities Total Undistributed Expenses 100,800 78,400 56,000 44,800 280,000 102,450 77,850...
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the...
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Monthly sales in units 5.000 8.000 10.000 Cost of food sold $10,000 $16,000 520,000 Wages and fringe benefits 4200 4.320 4,400 Fees paid delivery help 1.100 1.760 2200 Rent on building 1.100 1.100 1.100 Depreciation on equipment 900 900 900 Utilities 800 920 1,000 Supplies (soap, floor wax, etc.) 250 340 400 Administrative...
Sophia's Restaurant served 6,800 meals last quarter. Sophia recorded the following costs with those meals. Variable...
Sophia's Restaurant served 6,800 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 17,940 Direct labor 14,100 Indirect materials and supplies 8,900 Utilities 5,300 Fixed costs: Managers' salaries 31,000 Rent 27,000 Depreciation on equipment (straight-line, time basis) 11,000 Other fixed costs 12,090 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,120 meals are served next quarter. (Round...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property 7,500 taxes and insurance Utilities 7,300 Maintenance 5,600 Maintenance 5,700 Actual variable costs were indirect materials $14,900, indirect labor $9,500, utilities $9,000, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes...
July June August Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities 0 $ Total variable expense $ 0 Fixed operating expenses: Salaries Rent Depreciation Advertising Utilities Total fixed expense $ $ 0 0 $ Budgeted operating expense 0 0 0 ABC Company's budgeted sales for June, July, and August are 13,400, 17,400, and 15,400 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,700; rent, $5,700;...
13. In the current year, the manager of the Downtowner
Restaurant has been following the operating budget reduced
here:
For the coming year, the following changes are expected:
Given these anticipated changes, prepare ab operating budget for
the Downtowner Restaurant for the coming year.
13. In the current year, the manager of the Downtowner Restaurant has been following the operating budget reproduced here For the coming year, the following changes are expected a. Food sales will increase by 10 percent...
question 13 14
Thanks for your help
We were unable to transcribe this imageQUESTIONS AND PROBLEMS 69 Sales Food Beverage Total sales 630,000 140,000 $770,000 Cost of Sales Food Beverages Total costs 252,000 35,000 Gross Profit Controllable Expenses 287,000 $483,000 Salaries and wages Employee benefits Other controllable $173,250 45,045 82,000 expenses Total Controllable Expenses Income before Occupancy $300,295 $182,705 Costs, Interest, Depreciation, and Income Taxes Occupancy Costs Income before Interest 64,000 $118,705 Depreciation, and Income Taxes Interest Depreciation Total Restaurant...
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...
XYZ Restaurant.
a) What is the variable rate fir XYZ Restaurant?
b) What is the break-even point for XYZ restaurant?
c) Whar are the total fixed expenses?
XYZ 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% $20,000.00 1.33% LEGAL & ACCOUNTING INSURANCE 4% $75,000.00 $900,000.00 TOTAL EXPENSES 60.00% PROFIT BEFORE DEPREC., AMORT.&...
Difference Forecast ($) Actual ($) $ % REVENUE Rooms Food and Beverage Other Operated Departments Rentals and Other Income Total Revenue 784.000 951,000 280,000 210,000 33,600 34,500 22,400 21,750 1,120,000 1,217,250 DEPARTMENTAL EXPENSES Rooms Food and Beverage Other Operated Departments Total Departmental Expenses 235,200 210,000 20,250 465,450 266,250 174,200 19,850 460,300 TOTAL DEPARTMENTAL INCOME 654,550 756,950 UNDISTRIBUTED OPERATING EXPENSES Administrative and General Sales and Marketing Property Operation and Maintenance Utilities Total Undistributed Expenses 100,800 78,400 56,000 44,800 280,000 102,450 77,850...
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Monthly sales in units 5.000 8.000 10.000 Cost of food sold $10,000 $16,000 520,000 Wages and fringe benefits 4200 4.320 4,400 Fees paid delivery help 1.100 1.760 2200 Rent on building 1.100 1.100 1.100 Depreciation on equipment 900 900 900 Utilities 800 920 1,000 Supplies (soap, floor wax, etc.) 250 340 400 Administrative...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property 7,500 taxes and insurance Utilities 7,300 Maintenance 5,600 Maintenance 5,700 Actual variable costs were indirect materials $14,900, indirect labor $9,500, utilities $9,000, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes...
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