The following information has been prepared by the manager of the Market Restaurant. It represents his best
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Question:
The following information has been prepared by the manager of the Market Restaurant. It represents his best estimates of sales and various costs for the coming year.
Food sales: $820,000
Beverage sales: $290,000
Cost of food: 36 percent of food sales
Cost of beverages: 24 percent of beverage sales
Variable salaries and wages: 20 percent of food sales
Fixed salaries and wages: $102,000
Employee benefit: 25 percent of total salaries and wages
Other controllable expenses: $95,000
Depreciation: $65,500
Interest: $55,000
Occupancy costs: $56,000
Could you explain how I can calculate the budget for the market restaurant?
Expert Answer:
Here are the stepbystep calculations to determine the budget for the Market Res... View the full answer
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