Question: Task 4: Allocate budget resources The Linton Club management is considering outsourcing the three (3) eateries. You have been asked to put together a budget


Task 4: Allocate budget resources The Linton Club management is considering outsourcing the three (3) eateries. You have been asked to put together a budget for the Brasserie based on the June 2018 Linton Club Profit and Loss Statement. a. Referring to the template below, create a budget for the Brasserie using the following figures. Refer to the Microsoft Excel template: SITXFINO03_CS_2of2_Excel_Template_SR The Brasserie is the most popular eatery. A summary of the budgeted costs have been listed below: The cost of goods sold (food purchases and beverages purchases) have been estimated at 67% of the June 2018 profit & loss figures 0 The Linton Club has agreed to absorb management fees, courtesy bus and security costs. These can be removed from the budget The following expenses have been reduced to $500 per month: 0 Adverting 0 Printing & stationery O The following budgeted expenses are reduced to 67% of the June 2018 profit and loss: o Cleaning materials 0 Laundry & linen hire o Utilities 0 Musicians & entertainers o Telephone Rent has been capped at $10,000 per month Wages are budgeted at 35% of June profit and loss
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
