Question: Please help me figure out how to solve exercise 1 & 2. Application Exercises APPLICATION EXERCISES Exercise 1 Splendid Burgers restaurant had monthly purchases of

 Please help me figure out how to solve exercise 1 &

Please help me figure out how to solve exercise 1 & 2.

Application Exercises APPLICATION EXERCISES Exercise 1 Splendid Burgers restaurant had monthly purchases of 2. If the restaurant had $40,000 in sales, what is the $20,000 in March. The operation had an opening inven tory of S5,200 and closing inventory of $9,400. It also offered employee meals valued at $1,200 and generated Exercise 2 $2,800 from grease sales. 1. What is the actual cost of sales for Splendid Burgers? sales cost percentage for Splendid Burgers? Complete the butcher's yield test for veal scallopini BUTCHER'S YIELD TEST: VEAL LEG TO SCALLOPINI Item Weight Value per Pound Total Value (Weight Value per lb) (lb & oz) Veal leg (as purchased) 34 lb 0 oz 2 ib 12 o (lb) 34 b $94.86 before trimming 2.75 b $0.02 0.25 2.89 3.29 0.00 0.00 Trim, salvage Fat and wasteBone 3 lb 12 oz 3.75 lb 2.5 lb Ground veal Stew meat Unusable trim Cutting loss Total: Scallopini 2 lb 8 oz 3 lb 0 oz b 15 oz 0938 lb Net cost of item Total yield of item (Original weight) -(Total weight (Net cost of item/ (Original total of trim, salvage and wastel: Net cost per pound Item after trimming value)-(Total value of trim, salvage, and waste Total yield of item) 20 lb 1202z 20.75 lb

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