CD-ROM Exercise 2.2 Use the figures givenbelow to complete the statement of income for the...

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Accounting

CD-ROM Exercise 2.2

Use the figures givenbelow to complete the statement of income for the Blackburn Tavern, calculate percentages for each catagory as illustrated in Figure 2.1

Food Sales $723,556.00

Salariesand Wages $228,456.00

Beverage Sales $224,945.00

Other Controllable $145,532.00

Beverage Cost $ 57,534.00

Employee Benefits $ 14,667.00

Food Cost $265,998.00

Occupancy Costs $ 44,860.00

Depreciation Expense $ 74,856.00

Interest $ 21,790.00
Exercise 2.2
Blackburn Tavern
INCOME STATEMENT Percent of Sales
YEAR ENDED DECEMBER 31, 20XX
Sales
Food $ %
Beverage %
Total Sales $ - %
Cost of Sales
Food $ %
Beverage %
Total Cost of Sales $ - %
Gross Profit $ - %
Controllable Expenses
Salaries and Wages $ %
Employee Benefits %
Other Controllable Expenses %
Total Controllable Expenses $ - %
Income Before Occupancy costs $ - %
Interest, Depreciation, and Income Taxes
Occupancy Costs $ %
Interest %
Depreciation %
Total $ - %
Restaurant Profit $ - %

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