Guests Hotel Inc. is located downtown in your city. Guests Hotel is a boutique hotel with 100
Question:
Guests Hotel Inc. is located downtown in your city. Guests Hotel is a boutique hotel with 100 rooms, a restaurant, a lounge bar, and a convention center. The rooms department is doing quite well with an average occupancy rate of 80% all year. It has been in business for 15 years.
Guests Hotel Inc. has a well-established clientele. Customers prefer Guests Hotel Inc. for its location, but a key factor is the food service the hotel offers. Guests Hotel Inc. has an excellent reputation for serving fresh and well-prepared meals. A large percentage of its guests prefer to have their meals at Guests Hotel Inc. They also bring other parties to have their meals there.
The general manager is going to retire soon, and the hotel is looking for someone to replace this position. The new GM must have knowledge and working experience with Rooms and Food and Beverage. It is imperative for the hotel to keep its reputation for great food. The Food and Beverage Department brings to the hotel more than 30% of its total revenue. The Food and Beverage Department purchases everything locally, and vendors bring all products to the hotel. If needed, the hotel outsources all transportation services, and vendors pay for transportation costs. The owner of the hotel does not like to have vehicles owned by the hotel. It is well known by management that F & B is a contributing factor for guests booking rooms and events at the hotel.
You have been recommended for this job opportunity. After an initial interview and as a candidate for this prestigious position, you are required to demonstrate in a test your knowledge of how to manage the Food and Beverage Department without compromising food quality and service.
You were enrolled at the School of Hospitality, Tourism, and Culinary Arts at Centennial College. One of your favorite courses was Food, Beverage, and Labour Cost Control. Thankfully, you kept all your notes and exercises, and you can review concepts and the numbers you crunched then.
Human Resources gave you the following questions to answer based on the information below:
Given the information below find gross profitpercentage for the month of June ( do not include % sign)
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 198,401 |
Beverage | 73,988 |
Total Sales | - |
Cost of Sales | |
Food | 73,172 |
Beverage | 24,375 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 101,290 |
Occupancy | 34,093 |
Office & General | 12,742 |
Utilities | 10,609 |
Transportation | 6,067 |
Kitchen supplies | 7,087 |
Professional fees | 5,937 |
Advertising | 9,468 |
Insurance | 12,780 |
Vehicle | 4,899 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Given the information below find net profit / losspercentage for the month of June ( do not include % sign)
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 219,983 |
Beverage | 68,212 |
Total Sales | - |
Cost of Sales | |
Food | 69,341 |
Beverage | 21,289 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 112,369 |
Occupancy | 40,148 |
Office & General | 10,887 |
Utilities | 8,371 |
Transportation | 6,538 |
Kitchen supplies | 7,849 |
Professional fees | 7,408 |
Advertising | 10,528 |
Social Media Expenses | 13,871 |
Vehicle | 5,188 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Given the information below find labour costpercentage for the month of June ( do not include % sign)
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 203,959 |
Beverage | 69,484 |
Total Sales | - |
Cost of Sales | |
Food | 71,425 |
Beverage | 21,321 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 87,619 |
Occupancy | 35,382 |
Office & General | 15,104 |
Utilities | 8,023 |
Transportation | 5,451 |
Kitchen supplies | 6,631 |
Professional fees | 5,440 |
Advertising | 9,523 |
Employee Insurance | 11,442 |
Vehicle | 5,119 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Given the information below find prime costin dollarsfor the month of June
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 223,314 |
Beverage | 67,973 |
Total Sales | - |
Cost of Sales | |
Food | 70,486 |
Beverage | 28,790 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 92,128 |
Occupancy | 32,481 |
Office & General | 11,926 |
Utilities | 9,250 |
Transportation | 7,056 |
Kitchen supplies | 6,924 |
Professional fees | 6,723 |
Advertising | 8,993 |
Social Media Expenses | 10,374 |
Vehicle | 6,706 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Given the information below find prime costpercentage for the month of June ( do not include % sign)
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 206,027 |
Beverage | 70,776 |
Total Sales | - |
Cost of Sales | |
Food | 68,186 |
Beverage | 31,013 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 107,364 |
Occupancy | 34,198 |
Office & General | 14,927 |
Utilities | 10,693 |
Transportation | 5,669 |
Kitchen supplies | 8,243 |
Professional fees | 6,773 |
Advertising | 7,251 |
Social Media Expenses | 13,180 |
Vehicle | 4,887 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Given the information below find net profit/lossin dollarsfor the month of June
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Sales | |
Food | 190,519 |
Beverage | 87,296 |
Total Sales | - |
Cost of Sales | |
Food | 54,155 |
Beverage | 25,944 |
Total cost of goods sold | - |
Gross Profit | - |
Controllable Expenses | |
Salaries & Wages | 108,282 |
Occupancy | 33,896 |
Office & General | 13,758 |
Utilities | 9,214 |
Transportation | 5,872 |
Kitchen supplies | 8,122 |
Professional fees | 6,243 |
Advertising | 7,568 |
Social Media Expenses | 14,236 |
Vehicle | 5,523 |
Total Controllable Expenses | - |
Net Profit / Loss | - |
Do not add a percentage (%) sign and please do not use commas (,) instead of the decimal point (.) or else you will get the answer incorrect even if the numbers entered are correct.
Your Answer:
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu