SALES ood Beverage s yea 605,000 110,000 Total Sales COST OF SALES ood Beverage
ID: 363544 • Letter: S
Question
SALES ood Beverage s yea 605,000 110,000 Total Sales COST OF SALES ood Beverage 715000 137,500 20,350 Total Cost of Sales EXPENSES Salaries and Wages Employee Benefits Direct Operating Expenses Music and Entertainment Marketing Utility Services Repairs and Maintenance Administrative and General Occupancy Depreciation Interest 157850 225,000 78,000 11.000 2,200 13,600 41,900 10,100 41,800 20,100 15,900 5,350 Assuming that 45% of the Salaries and Wages dollars represent fixed costs 45% of Employee Benefits dollars represent fixed costs Fill in the blanks in the table below: What are the total fixed costs for the upcoming vear? What are the total variable costs for the upcoming vear? What is the variable rate for the upcoming vear? What is the contribution rate for the upcoming vear? What is the break even point for the upcoming vear? What is the break even point if the restaurant wants to make $1 in profit? What is the break even dollar amount if the restaurant wants to make $111,000 n profit? 136350Explanation / Answer
Variable expenses are:
Food = 137,500
Beverage =20350
Salary and wages = 0.55*225000
Employee Benefits = 0.55*78000
Utilities = 41,900
Repairs & Maintenance = 10,100
Administrative =41,800
MArketing =13,600
Music & Entertainment =2,200
Direct Operating Expenses = 11,000
Total variable cost = $445,000
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