What is the restaurant prime cost percent for the week

Assignment Help Cost Accounting
Reference no: EM132919745

Question - The cost of goods sold at a restaurant is $5,620 for a week. The labor cost at the restaurant is $4,911 for the same week. What is the prime cost for the restaurant this week? If the restaurant has $20,470 in sales that week, what is the restaurant's prime cost percent for the week?

Reference no: EM132919745

Questions Cloud

Explain the structure of the securitisation process : Explain the structure of the securitisation process. What is the difference between an asset backed security and a mortgage backed security?
Contrast private equity and venture capital : Who are the main investors in private equity? Explain why they are interested in this investment. Contrast private equity and venture capital.
What is the total proceeds from the bond issuance : If the market rate on the date of issuance is 6.5%. What is the total proceeds from the bond issuance? On July 1, 2000, $300,000 face value bonds were issued.
What amount should be reported as unearned subscription : Kiyak Publishing Ltd. sells magazine subscriptions for a 1-year, On December 31, 2009, what amount should be reported as unearned subscription revenue?
What is the restaurant prime cost percent for the week : If the restaurant has $20,470 in sales that week, what is the restaurant's prime cost percent for the week
How much is the gross receipts collected : When gross purchases during the same period amounted to ?51,498,000, how much is the gross receipts collected/collectible from its customers?
Calculate the net present value of leasing : The controller advises that BBI's levered cost of equity is 20.67%. Calculate the net present value of Leasing and the Equivalent Loan amount
Which is the investment category for type of project : Which is the most likely investment category for this type of project? Retailer John Sons invests $500 000 in a new computer network to streamline purchasing
Make the income statement using multi step approach : Make the income statement using multi step approach. Post the journal entries to the ledger using under periodic and perpetual inventory system.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate the amount of overhead to be charged

Calculate the amount of overhead to be charged to each of the production departments

  Prepare an income statement for the current year ended june

Prepare an income statement for the current year ended June 30, 2008 and prepare a statement of owner's equity for the current year ended June 30, 2008.

  Prepare in good form the stockholders equity section

In the space below prepare, in good form, the stockholders' equity section after the stock split and no partial credit will be awarded without detailed computations.

  Situational awareness of the market

When it comes to implementing objectives, it vitally important that managers have a clearly situational awareness of the market.

  What were the most compelling topics learned in this course

What were the most compelling topics learned in this course and how did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?

  The baltic company is consider the purchase of a new

the baltic company is consider the purchase of a new machine tool to replace an obsolete one. the machine being used

  Compute the numbers of beds and dresses

Compute the numbers of beds and dresses that can be purchased if a total of 132 pieces of beds and dressers are needed. Round to nearest 100th and nearest one

  Make amortization schedule that would be suitable

Blossom Leasing Company, Make amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved

  Question a on june 30 2011 barbie company was considering

question a. on june 30 2011 barbie company was considering options to bolster its cash position. choice one called for

  Compute what real effect on profit if the order is accepted

Vermillion Metal Works received an offer from a big-box retail company, What will be the real effect on profit if the order is accepted?

  Find the direct-materials quantity variance

If the firm purchased and consumed 268,000 pounds in manufacturing (cost = P2,304,800), find the direct-materials quantity variance

  How much was the direct materials procured during august

How much was the direct materials procured during August 2019? ABMA Company consumed $450,000 worth of direct materials during August 2019.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd