Below you can find the budget and actual figures for The Wild Goose Family Restaurant for the
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Question:
Below you can find the budget and actual figures for The Wild Goose Family Restaurant for the month of May 2017.
| May 2017 - The Wild Goose Family Restaurant | ||
| Income | Budget | Actual |
| Food Sales (take away) | $28,320.00 | $34,050.00 |
| Food Sales (caf) | $102,720.00 | $118,000.00 |
| Coffee Sales | $12,200.00 | $10,900.00 |
| Alcohol Sales | $22,500.00 | $19,200.00 |
| Total | $165,740.00 | $182,150.00 |
| Expense | ||
| Food purchases | $42,160.00 | $41,756.00 |
| Coffee purchases | $2,440.00 | $2,280.00 |
| Alcohol purchases | $7,666.00 | $8,804.00 |
| Total | $52,266.00 | $52,840.00 |
By analyzing the budget and actual figures for The Wild Goose Family Restaurant for the month of May 2017 we can determine if the changes (variance) are positive (positive variance) or negative (adverse variance).
- Does the total sales figures changes? If so, by what percentage?
(Show the figures and your calculations)
Expert Answer:
Related Book For 
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
Posted Date:
