case study 2 prob 2

case study 2 prob 2 - Given Miscellaneous $3,000.00 Given...

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Charley's Family Steak House 2003 Operating Budget (Revised 3700 meals) 2.) Revenues Calculations Lunch Revenue $577,200.00 (Meals)(Sales Mix)(Price) Dinner Revenue $1,212,260.00 (Meals)(Sales Mix)(Price) Gross Sales $1,789,320.00 Lunch+Dinner Coupon Usage $96,200.00 Total Meals * $.50 Net Revenues $1,693,120.00 Gross Sales-Coupon Usage Variable Costs Food $984,126.00 Gross Sales*.55 of Gross sales Variable Labor Cost $92,352.00 Total Labor Costs *.48 Other Operating Expense $143,146.00 Gross Sales * .08 Advertising $62,626.00 Gross Sales *3.5% Rent Overage $0.00 negative answer Contribution Margin $369,496.00 Fixed Costs Fixed Labor Cost $104,000.00
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Unformatted text preview: Given Miscellaneous $3,000.00 Given Depreciation $24,000.00 Given Insurance $9,400.00 Given Licensce and Fees $11,700.00 Given Rent Base $72,000.00 Given Management $95,000.00 Given Operating Profit $917,700.00 Charley's Family Steak House 2003 Operating Budget (Revised 3700 meals) Assumptions Total Meals: 192,400 Lunch: 76,960 Dinner: 115,400 Avg. Lunch Price: $7.50 Avg. Dinner Price: $10.50 Coupon Usage: $.50 Variable Costs Food: 55% gross revenue Server Costs: $.48 per meal Other Op. Costs: 8% gross rev. Advertising: 3.5% gross rev negative result means "0"...
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case study 2 prob 2 - Given Miscellaneous $3,000.00 Given...

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