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