Oregano Restaurant is a casual restaurant open for dinner each night. The restaurant aims to run...

 

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Oregano Restaurant is a casual restaurant open for dinner each night. The restaurant aims to run a 33% food cost. Each guest is expected to spend $30 on food. For the month of June, it expects 1,200 guests. By the end of the month, the company noticed everything has met expectations except the following: Actual food cost was $11,000. There was a total of 1,000 guests in the month. Guests spent $32 on average. required a) Calculate the sales price variance for the month. b) Calculate the sales quantity variance for the month. c) Calculate the food cost variance for the month. Oregano Restaurant is a casual restaurant open for dinner each night. The restaurant aims to run a 33% food cost. Each guest is expected to spend $30 on food. For the month of June, it expects 1,200 guests. By the end of the month, the company noticed everything has met expectations except the following: Actual food cost was $11,000. There was a total of 1,000 guests in the month. Guests spent $32 on average. required a) Calculate the sales price variance for the month. b) Calculate the sales quantity variance for the month. c) Calculate the food cost variance for the month.

Answer rating: 100% (QA)

a Sales price variance Actual price Budgeted priceActual No ... View the full answer