Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. based on the income statement below please fill in

Based on the Income Statement below please fill in the blank besides the question. 20...

80.2K

Verified Solution

Question

Accounting

Based on the Income Statement below please fill in the blank besides the question.

20 percent of Labour Cost is a Fixed Cost

80 percent of Labour Cost is a Variable Cost

What is the Food Cost percent

What is the Beverage Cost percent

What is the Prime Cost percent

What is the Labour Cost percent

What is the Break-Even in dollars

For your answers in percentage use a period and ONE decimal. Do NOT use the percentage sign. i.e., 12.3

For your answer in dollars do NOT include the dollar sign do not use any punctuation for the digits. i.e., 12345678

image

Sam 'n Ella's Diner Income Statement Ending December 31, 2009 Sales Food Beverage 820.000 430.000 Cost of Sales Food Beverage 252.000 125.400 COGS Gross Profit Expenses Salaries & Wages (20/80) Staff benefits Rent Office & General Utilities Repairs & Maintenance Rest & Kitchen supplies Advertising Insurance Automobile Management Bonus Total Expenses Net Profit/Loss 362.500 37.500 100.000 31.250 35.000 37.500 43.750 37.500 25.000 31.250 45.000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students