Question 5: Your local hotel has a dining room which has the capacity to seat...
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Accounting
Question 5: Your local hotel has a dining room which has the capacity to seat 140 guests. It is opened for breakfast and lunch seven days a week and fully expects to be at capacity at these times. During January 2021, management has forecast the seat turnover for breakfast will be 3 times and for lunch 2 times, with the average bill to be $28 for breakfast and $58 for lunch. Beverage revenue is usually 12 per cent of the breakfast revenue and 28 per cent of the lunch revenue.
Calculate budgeted total revenue of food and beverage for the 31 days of January 2021. Express your answer as a daily food and beverage outcome and also a monthly figure. (8 Marks)
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