Food and beverage sales will both increase by 5% Food and beverage cost percentages will remain...
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Food and beverage sales will both increase by 5% Food and beverage cost percentages will remain the same Please complete the change and upcoming year columns based on the following information: Salaries and wages will increase by 4% The cost of employee benefits will increase, but will continue to be the same percentage of salaries and wages Other controllable costs will increase by $6,500 Occupancy costs will increase by $2,000 Interest and depreciation will remain the same Sales Gross Profit Cost of Sales Food Beverage Interest Total Sales Depreciation Total Food Controllable Expenses Beverage Total Cost of Sales Total Controllable Expenses Income Before Occupancy costs ancy Costs. Interest, Depreciation, and Income Taxes Occupancy Costs Salaries and Wages Employee Benefits Other Controllable Expenses Restaurant Profit $1,120,964.00 $465,200.00 $392,337.00 $102,344.00 $396,541.00 $99,135.00 $275,330.00 $75,230.00 $25,600.00 $79.099.00 $1,586,164.00 $494,681.00 $1,091,483.00 $771.006.00 $320,477.00 $179.929.00 $140,548.00 Change Upcoming Year 5. (10 points) Create a CVP chart and equations using the following figures to calculate the break-even point in dollars. The Old Mill Restaurant has an average check of $24.15. Its variable costs were 44% of total sales, and the fixed costs were $28,112. Food and beverage sales will both increase by 5% Food and beverage cost percentages will remain the same Please complete the change and upcoming year columns based on the following information: Salaries and wages will increase by 4% The cost of employee benefits will increase, but will continue to be the same percentage of salaries and wages Other controllable costs will increase by $6,500 Occupancy costs will increase by $2,000 Interest and depreciation will remain the same Sales Gross Profit Cost of Sales Food Beverage Interest Total Sales Depreciation Total Food Controllable Expenses Beverage Total Cost of Sales Total Controllable Expenses Income Before Occupancy costs ancy Costs. Interest, Depreciation, and Income Taxes Occupancy Costs Salaries and Wages Employee Benefits Other Controllable Expenses Restaurant Profit $1,120,964.00 $465,200.00 $392,337.00 $102,344.00 $396,541.00 $99,135.00 $275,330.00 $75,230.00 $25,600.00 $79.099.00 $1,586,164.00 $494,681.00 $1,091,483.00 $771.006.00 $320,477.00 $179.929.00 $140,548.00 Change Upcoming Year 5. (10 points) Create a CVP chart and equations using the following figures to calculate the break-even point in dollars. The Old Mill Restaurant has an average check of $24.15. Its variable costs were 44% of total sales, and the fixed costs were $28,112.
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The image displays a financial table for a restaurant with various financial figures and a section where changes and projections for the upcoming year need to be calculated based on a set of assumptio... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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