The Brookshire Country Club rents its ballroom for weddings and provides food and beverage services for...
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The Brookshire Country Club rents its ballroom for weddings and provides food and beverage services for those using its facility. Last year, the Club hosted 25 wedding events. The total revenue derived from these events was $225,000. The product (food and beverage) costs associated with each wedding averaged 31.5 percent. All other variable costs for each event averaged 48.5 percent. Complete the Club's revenue recap worksheet and then answer the questions that follow. Wedding Sales Recap Total revenue $225,000 100% LESS: Product cost @ 31.5% Q1 Other variable costs @48.5% Total costs Q3 Revenue less total costs Q2 Q4 % 31.5% 48.5% Q5 The Brookshire Country Club rents its ballroom for weddings and provides food and beverage services for those using its facility. Last year, the Club hosted 25 wedding events. The total revenue derived from these events was $225,000. The product (food and beverage) costs associated with each wedding averaged 31.5 percent. All other variable costs for each event averaged 48.5 percent. Complete the Club's revenue recap worksheet and then answer the questions that follow. Wedding Sales Recap Total revenue $225,000 100% LESS: Product cost @ 31.5% Q1 Other variable costs @48.5% Total costs Q3 Revenue less total costs Q2 Q4 % 31.5% 48.5% Q5
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ANSWER AND EXPLANATION No of wedding events 25 Total revenue 225000 Revenue ... View the full answer
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