If Total Actual Cost for the day was $555.00, determine: 1. Total Actual Sales 2. Total Standard

Fantastic news! We've Found the answer you've been seeking!

Question:

If Total Actual Cost for the day was $555.00, determine:

1. Total Actual Sales

2. Total Standard Cost

3. Actual Cost Percent

4. Standard Cost Percent

5. Potential Savings as a Dollar Value AND as a Percentage of Sales

Menu Item	Actual Number Sold	Standard Cost	Sales Price	Standard Food Cost Percentage	Total Standard Cost	Total Sales
A	58	$3.14	$7.50	-	-	-
B	30	$4.50	$8.00	-	-	-
C	120	$1.75	$5.95	-	-	-
D	55	$5.55	$9.50	-	-	-

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Dec 31, 2023 05:26 AM

See More Questions

Let f(x1, x2)=-x-2x+x1x2 + 4x1 +5x2. (a) Compute Vf(x) and V2 f(x). (b) Find all local minima and maxima. (c) Check whether for -f is convex, and find out whether f has a global minimum or global...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Menu Item Actual Number Sold Standard Cost Sales Price Standard Food Cost Percentage Total Standard Cost Total Sales A 48 $2.14 $6.50 - - - B 20 $3.50 $9.00 - - - C 100 $1.90 $4.95 - - - D 45 $3.25...
A company conducts a Security model workshop to review configuration options. The company uses Microsoft Entra ID to control access and permissions within multiple corporate applications. When users...
While walking to work, Bill finds an expensive ring lying on the curb. Bill gives the ring to his son, Hunter. Two weeks later, Martin Avery, the true owner of the ring, discovers that Bill had found...
The following situations represent excerpts from the responses to audit inquiries of external legal counsel of XYZ Co. during the annual audit of year 1 (legal response). For each excerpt, select the...
For the similarity solution, what are the boundary conditions for the constant-wall-flux case? Show that a complete similarity does not exist for this case. Also show the condition for the case where...
Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system: Required: 1....
Remarks: Describe a convention for a hub to find out about its nearby neighbors. You ought to indicate the arrangement of your messages and the size of any message fields. [4 marks] Using the...
The cantilever beam AB is of uniform cross section and carries a load P at its free end A (Fig. 9.9). Determine the equation of the elastic curve and the deflection and slope at A. Fig. 9.9 B Fig....
Consider the square plate below in a state of plane strain (only the in-plane strains Ex, Ey, Exy are non-zero). The strain field is as follow: Ex=2xy, Ey=3xy, Exy = x + y Integrate this strain field...
What is the difference between marginal product and average product?
Explain how studying for an exam is subject to the law of diminishing marginal productivity.
The text does not emphasize firms role in shaping the tastes and preferences of consumers even though this is a very important role with firms spending about $185 billion a year on advertising. If it...
Say that neither labor nor machines are fixed but there is a 50 percent quick-order premium paid for both workers and machines for their delivery in the short run. Once you buy them, they cannot be...
Walmart, the nations largest retailer, has perfected a just-in-time competitive strategy. This retail giant relies on bar codes for instant inventory, distribution centers that purchase supplies at...
If a plaintiff seeks very broad discovery (say, 10 years of records), and the defendant wants more narrow discovery (say, 2 years of records), who's more likely to get what they want? the plaintiff O...
Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?
Ken (age 31) and Amy (age 28) Booth have brought you the following information regarding their income, expenses, and withholding for the year. They are unsure which of these items must be used to...
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
Russell (age 50) and Linda (age 45) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called...
Jennifer knows that Carters malefemale differential is indefensible? What should she do to rectify it?
Is there another incentive plan you think would work better for the pressers? Describe it.
A store managers job is to keep total wages to no more than 30% of sales and to maintain the fuel bill and the supply bill at about 9% of sales each. Managers can also directly affect sales by...

If Total Actual Cost for the day was $555.00, determine: 1. Total Actual Sales 2. Total Standard

Question:

Expert Answer:

Solution Okay here are the steps to solve this question 1 Total Actual Sales Item A 58 item... View the full answer

Income Tax Fundamentals 2013

Students also viewed these general management questions