SOLUTION: FAB 210 College of Southern Nevada Cost Control Questions

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Extra Credit FAB210 Absorb Control Student Name_____________________________________________________________ 1. (10 summits) For one 3-hour dinner epoch in a restaurant that has 150 seats. Server Number of Guests Gross Sales A 75 $675.90 B 68 $646.40 C 79 $711.10 Please proportion: Total sales for the abstinence epoch: Total sum of guests: Guests per hour: Average guests per server: Average stay for server A: Average stay for server B: Average stay for server C: Average stay for integral restaurant: 2. (5 summits) Please sum the forthcoming in the apsummit you would invent them on an allowance proposition. __________ __________ __________ __________ __________ __________ __________ __________ __________ Food Costs Income Taxes Cost of Sales Beverage Sales Profit Depreciation Gross Profit Interest Expense Occupancy Costs 3. (5 summits) At the Continental Bar, a direct shot of bourbon is one ounce. The alienation absorb for a one liter bottle is $35.35. a. What is the absorb of a direct shot? b. If the desired beverage absorb is 20%, what absorb should be assigned to one shot of bourbon? 4. (10 summits) Allowance Proposition after a while Budget Please adequate the transmute and upcoming year columns domiciled on the forthcoming information: • • • • • • • Food and beverage sales allure twain acception by 5% Food and beverage absorb percentages allure survive the identical Salaries and stipend allure acception by 4% The absorb of employee benefits allure acception, but allure live to be the identical percentage of salaries and stipend Other calm absorbs allure acception by $6,500 Occupancy absorbs allure acception by $2,000 Interest and slander allure survive the identical Change Sales Food Upcoming Year $1,120,964.00 Beverage Total Sales $465,200.00 Food $392,337.00 Beverage $102,344.00 $1,586,164.00 Cost of Sales Total Absorb of Sales Gross Profit Controllable Expenses Salaries and Wages Employee Benefits Other Calm Expenses $494,681.00 $1,091,483.00 $396,541.00 $99,135.00 $275,330.00 Total Calm Expenses Income Before Occupancy costs ancy Costs, Interest, Depreciation, and Allowance Taxes Occupancy Costs Interest $75,230.00 $25,600.00 Depreciation $79,099.00 Total Restaurant Profit $771,006.00 $320,477.00 $179,929.00 $140,548.00 5. (10 summits) Create a CVP chart and equations using the forthcoming figures to proportion the break-even summit in dollars. The Old Mill Restaurant has an mean stay of $24.15. Its veerable absorbs were 44% of total sales, and the unroving absorbs were $28,112. 6. (10 summits) Please adequate the forthcoming allowance proposition domiciled on the forthcoming information: Food Sales Salaries and Wages Beverage Sales Other Controllable Beverage Cost Employee Benefits Food Cost Occupancy Costs Depreciation Expense Interest $723,556.00 $228,456.00 $224,945.00 $145,532.00 $ 57,534.00 $ 14,667.00 $265,998.00 $ 44,860.00 $ 74,856.00 $ 21,790.00 % of Sales Sales Food % Beverage % Total Sales % Cost of Sales Food % Beverage % Total Absorb of Sales % Gross Profit % Controllable Expenses Salaries and Wages % Employee Benefits % Other Calm Expenses % Total Calm Expenses % Income Before Occupancy absorbs % Interest, Depreciation, and Allowance Taxes Occupancy Costs % Interest % Depreciation % Total % Restaurant Profit % 7. (10 summits) Create a popularity refutation for the sales truth absorbed beneath. Menu Item Number Sold Veal Marsala 375 Strip Steak 330 Roast Chicken 125 Stuffed Shrimp 160 Pasta Alfredo 130 Pork Chops 80 Saute Liver 90 Beef Stew 170 Deluxe Burger 405 Grill Swordfish 135 Totals Popularity Index 100% 8. (10 summits) Now adequate a product catalogue using the popularity refutation and accounting for a 10% acception in sales that the chef expects due to a self-abandonment. Menu Item Total Forecast x Veal Marsala Strip Steak Roast Chicken Stuffed Shrimp Pasta Alfredo Pork Chops Saute Liver Beef Stew Deluxe Burger Grill Swordfish 1500 Totals 100% P.I. = Portion Forecast x % adjust ment = Adjusted Portion Forecast 9. (10 summits) Please proportion the absorb of foundation sold domiciled on the forthcoming figures. Please rewrite everything in the fair apsummit and then execute the calculations. Purchases $8,300 Closing Inventory $2,540 Fruit used at the bar $250 White wine used for sauces $150 Opening Inventory $2,688 Employee Meals $400 10. (10 summits) Please perfect the forthcoming direction absorbing chart. Salisbury Steak Yield: 50 servings Ingredients Amount Price Extension Cost Beef chuck E.P. 14 lbs. $2.25 per EP lb. __________________ Onions 3 lbs. 0.75 per lb. __________________ Garlic ½ oz. 2.52 per lb. __________________ Salad oil ½ cup 6.57 per gallon __________________ Bread cubes 2 lbs. 0.65 per lb. __________________ Milk 1 ½ pints 3.18 per gallon __________________ Whole eggs 8 1.89 per dozen __________________ Pepper ¼ oz. 5.18 per lb. __________________ Salt 1 oz. .42 per lb. __________________ Total absorb __________________ Cost per serving __________________ Selling absorb if desired foundation absorb is 20% __________________ 11. (10 summits) Please adequate the forthcoming chart: Total Sales equals $328,291.75 Category Amount Purchased Cost Percent of Sales Meat $52,725 12% Fish $26,263 8% Produce $32,627 6% Groceries $16,212 5% Dairy $15,128 4% Total Do you give-heed-to any red flags? Why or why not? Budget Goal 35% Variance Extra Credit FAB210 Absorb Control Student Name_____________________________________________________________ 1. (10 summits) For one 3-hour dinner epoch in a restaurant that has 150 seats. Server Number of Guests Gross Sales A 75 $675.90 B 68 $646.40 C 79 $711.10 Please proportion: Total sales for the abstinence epoch: $2033.4 Total sum of guests:222 Guests per hour:74 Average guests per server:74 Average stay for server A: $9 Average stay for server B: $9.5 Average stay for server C: $9 Average stay for integral restaurant: $9.2 2. (5 summits) Please sum the forthcoming in the apsummit you would invent them on an allowance proposition. _____3_____ _____8_____ _____2_____ _____1_____ ______9____ _____6_____ _____4_____ _____7_____ _____5_____ Food Costs Income Taxes Cost of Sales Beverage Sales Profit Depreciation Gross Profit Interest Expense Occupancy Costs 3. (5 summits) At the Continental Bar, a direct shot of bourbon is one ounce. The alienation absorb for a one liter bottle is $35.35. a. What is the absorb of a direct shot? $1.05 b. If the desired beverage absorb is 20%, what absorb should be assigned to one shot of bourbon? $7.07 4. (10 summits) Allowance Proposition after a while Budget Please adequate the transmute and upcoming year columns domiciled on the forthcoming information: Food and beverage sales allure twain acception by 5% Food and beverage absorb percentages allure survive the identical Salaries and stipend allure acception by 4% The absorb of employee benefits allure acception, but allure live to be the identical percentage of salaries and stipend ● Other calm absorbs allure acception by $6,500 ● Occupancy absorbs allure acception by $2,000 ● Interest and slander allure survive the identical ● ● ● ● Change Sales Food Upcomin g Year $1,120,964.00 Beverage Total Sales $465,200.00 Food $392,337.00 Beverage $102,344.00 $1,586,164.00 Cost of Sales Total Absorb of Sales Gross Profit Controllable Expenses Salaries and Wages Employee Benefits Other Calm Expenses $494,681.00 $1,091,483.00 $396,541.00 $99,135.00 $275,330.00 Total Calm Expenses Income Before Occupancy costs ancy Costs, Interest, Depreciation, and Allowance Taxes Occupancy Costs Interest $771,006.00 $75,230.00 $25,600.00 Depreciation $79,099.00 $320,477.00 Total Restaurant Profit $179,929.00 $140,548.00 5. (10 summits) Create a CVP chart and equations using the forthcoming figures to proportion the break-even summit in dollars. The Old Mill Restaurant has an mean stay of $24.15. Its veerable absorbs were 44% of total sales, and the unroving absorbs were $28,112. Contribution latitude percentage = 1 - Changeable absorbs percentge = 1 - 0.44 = 0.56 Break-even summit in dollars = Unroving absorbs / Contribution latitude precenatage = $28,112 / 0.56 = $50,200 6. (10 summits) Please adequate the forthcoming allowance proposition domiciled on the forthcoming information: Food Sales Salaries and Wages Beverage Sales Other Controllable Beverage Cost Employee Benefits Food Cost Occupancy Costs Depreciation Expense Interest $723,556.00 $228,456.00 $224,945.00 $145,532.00 $ 57,534.00 $ 14,667.00 $265,998.00 $ 44,860.00 $ 74,856.00 $ 21,790.00 % of Sales Sales Food Beverag e $723556 76.28% $224945 23.72% Total Sales $948501 % Cost of Sales Food Beverag e $265998 28.04% $57534 6.07% Total Absorb of Sales Gross Profit $323532 34.11% $624969 65.89% Controllable Expenses Salaries and Wages $228456 Employee Benefits $14667 $14553 2 Other Calm Expenses 24.09% 1.55% 15.34% Total Calm Expenses $388655 40.98% Income Before Occupancy absorbs $236314 24.91% Interest, Depreciation, and Allowance Taxes Occupancy Costs $44860 4.73% Interest $21790 2.30% Depreciation $74956 7.90% Total Restaurant Profit $141606 14.93% $94708 9.99% 7. (10 summits) Create a popularity refutation for the sales truth absorbed beneath. Menu Item Numbe r Sold Veal Marsala 375 Strip Steak 330 Roast Chicken 125 Stuffed Shrimp 160 Pasta Alfredo 130 Pork Chops 80 Saute Liver 90 Beef Stew 170 Deluxe Burger 405 Grill Swordfish 135 Totals Popularit y Index 100% 8. (10 summits) Now adequate a product catalogue using the popularity refutation and accounting for a 10% acception in sales that the chef expects due to a self-abandonment. Menu Item Veal Marsala Strip Steak Roast Chicken Stuffed Shrimp Pasta Alfredo Total Forecast x P.I. = Portion Forecas t x % adjus tmen t = Adjusted Portion Forecast Pork Chops Saute Liver Beef Stew Deluxe Burger Grill Swordfish 1500 100 % Totals 9. (10 summits) Please proportion the absorb of foundation sold domiciled on the forthcoming figures. Please rewrite everything in the fair apsummit and then execute the calculations. Purchases $8,300 Closing Inventory $2,540 Fruit used at the bar $250 White wine used for sauces $150 Opening Inventory $2,688 Employee Meals $400 10. (10 summits) Please perfect the forthcoming direction absorbing chart. Salisbury Steak Yield: 50 servings Ingredients Amount Price Extension Cost Beef chuck E.P. 14 lbs. $2.25 per EP lb. __________________ Onions 3 lbs. 0.75 per lb. __________________ Garlic ½ oz. 2.52 per lb. __________________ Salad oil ½ cup 6.57 per gallon __________________ Bread cubes 2 lbs. 0.65 per lb. __________________ Milk 1 ½ pints 3.18 per gallon __________________ Whole eggs 8 1.89 per dozen __________________ Pepper ¼ oz. 5.18 per lb. __________________ Salt 1 oz. .42 per lb. __________________ Total absorb __________________ Cost per serving __________________ Selling absorb if desired foundation absorb is 20% __________________ 11. (10 summits) Please adequate the forthcoming chart: Total Sales equals $328,291.75 Category Amount Purchased Meat $52,725 12% Fish $26,263 8% Produce $32,627 6% Groceries $16,212 5% Dairy $15,128 4% Total Do you give-heed-to any red flags? Why or why not? Cost Percent of Sales Budget Goal 35% Variance ...
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