Problem 5 Following are excerpts from an income statement: Food Sales Beverage Sales Cost of food...

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Problem 5 Following are excerpts from an income statement: Food Sales Beverage Sales Cost of food sold Cost of Beverage sold Labor Controllable Expenses Non-controllable Expenses Other Expenses Identify these items from the above information: a. Prime cost dollars and percentage b. Controllable Income dollars and percentage 265,000 80,000 78,000 20,000 111,000 67,000 27,000 4,000 c. Operating Income dollars and percentage d. Income before Income Taxes dollars and percentage e. Food Cost of Sales % f. Beverage Cost of Sales% g. Total Cost of Sales% Problem 5 Following are excerpts from an income statement: Food Sales Beverage Sales Cost of food sold Cost of Beverage sold Labor Controllable Expenses Non-controllable Expenses Other Expenses Identify these items from the above information: a. Prime cost dollars and percentage b. Controllable Income dollars and percentage 265,000 80,000 78,000 20,000 111,000 67,000 27,000 4,000 c. Operating Income dollars and percentage d. Income before Income Taxes dollars and percentage e. Food Cost of Sales % f. Beverage Cost of Sales% g. Total Cost of Sales%

Answer rating: 100% (QA)

Certainly To answer these questions well analyze the income statement and calculate the various cost... View the full answer