Scribd
Upload
243 views

ch03 (2) EXCEL

This document is the income statement for Barnaby's Hideaway for the year ended December 31, 20XX and the upcoming year. It shows an increase in sales of $56,048.20 and an increase in cost of sales of $23,260. Total controllable expenses increased by $79,308.20. Restaurant profit increased by $26,327.30 to $166,794.43 for the upcoming year.

Uploaded by

Marie Frances S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
243 views

ch03 (2) EXCEL

This document is the income statement for Barnaby's Hideaway for the year ended December 31, 20XX and the upcoming year. It shows an increase in sales of $56,048.20 and an increase in cost of sales of $23,260. Total controllable expenses increased by $79,308.20. Restaurant profit increased by $26,327.30 to $166,794.43 for the upcoming year.

Uploaded by

Marie Frances S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 5

Exercise 3.

Barnaby's Hideaway
Income Statement
Year Ended December 31, 20XX
Change

Upcoming
Year
$ 56,048.20 $1,177,012.20
$ 23,260.00 $ 488,460.00
1,586,164.00 $ 79,308.20 $1,665,472.20

$
$

$ 19,617.27
$ 5,117.20
494,681.00 $ 24,734.47
1,091,483.00 $ 54,573.73

$
$

$ 15,861.64
$ 3,965.66
$ 6,500.00
771,006.00 $ 26,327.30
320,477.00

Sales
$1,120,964.00
$ 465,200.00
Cost of Sales
$ 392,337.00
$ 102,344.00
Gross Profit
Controllable Expenses
$ 396,541.00
$ 99,135.00
$ 275,330.00
Total Controllable Expenses
Income Before Occupancy costs
Interest, Depreciation, and Income Taxes
Occupancy Costs
$ 75,230.00
Interest
$ 25,600.00
Depreciation
$ 79,099.00
Total
Restaurant Profit
Fixed Costs
Salaries and Wages
Employee Benefits
Other Controllable Expenses
Occupancy Costs
Interest
Depreciation
Total Fixed Costs

$
$

179,929.00
140,548.00

2,000.00

$ 411,954.27
$ 107,461.20
$ 519,415.47
$1,146,056.73
$
$
$
$
$

412,402.64
103,100.66
281,830.00
797,333.30
348,723.43

$ 77,230.00
$ 25,600.00
$ 79,099.00
$ 181,929.00
$ 166,794.43

Variable Costs
Cost of Food
Cost of Beveerages
Salaries and Wages
Employee Benefits
Total Variable Costs
Variable Rate
VR=
VR=
VR=
Contribution Rate
CR = 1 - VR
CR=
CR =
Break Even
BE=
FC
CR
BE=
BE=

Exercise 3.2
New Budgeted Profit
New Food & Beverage Cost
Old Food & Beverage Cost
Reduction in Profit

$ 600,000.00
$ 519,451.47
$ 80,548.53

Budgeted Profit
Reduction in Profit
New Budgeted Profit

$ 166,794.43
$ 80,548.53
$ 86,245.90

New Variable Rate


Cost of Food and Beverage
Variable Labour Cost
Variable Employee Benefits
Total Variable Costs

$600,000.00
$247,441.58
$61,860.40
$909,301.98

New Variable Rate


VR=
VC
S
VR=
VR=
New Contribution Rate
CR = 1 - VR
CR =
CR =
New Break Even
BE =

FC + P
CR

BE =
BE =
Sales Level Necessary to Earn a Profit of $166,794.43
S=

FC + P
CR

S=

S=
S=
Number of Customers Necessary to Break Even
SU =

FC
Average Contribution Margin

Exercise 3.3
Using the figures provided below calculate the missing dollar amounts for each of the
Simplified Profit and Loss Statements.
Category

Sales
Food Cost
Labour Cost
Overhead
Profit
Category

Sales
Food Cost
Labour Cost
Overhead
Profit
Category

Sales
Food Cost
Labour Cost
Overhead
Profit
Category

Sales
Food Cost
Labour Cost
Overhead
Profit

Dollars

$2,375

Dollars

$17,322

Dollars

$234

Dollars

$7,700

Percent

100%
37%
29%
24%
10%
Percent

100%
31%
34%
32%
3%
Percent

100%
40%
29%
19%
12%
Percent

100%
43%
32%
21%
4%

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy