| Exercise 2.91 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | SOLUTION |
|---|---|---|---|---|
| Restaurant Annual Service Cost Statement | ||||
| £ | ||||
| Wages | 39280 | |||
| Food and Beveridges | 73152 | |||
| Insurance | 1800 | |||
| Rent and Rates | 2640 | |||
| Administration Costs | 3928 | |||
| Depreciation | 4000 | |||
| TOTAL COST | 124800 | |||
| NOTES | ||||
| Wages | Chef | Basic | 35 hrs x 52 weeks x £10 | |
| 18200 | ||||
| Overtime | 4 hrs x 48 weeks x £15 | |||
| 2880 | ||||
| Total | 21080 | |||
| Waiter | 2 waiters x 35 hrs x 52 weeks x £5 | |||
| 18200 | ||||
| Overall Total Wages | 21080 + 18200 | |||
| 39280 | ||||
| Insurance | £150 x 12 months | |||
| 1800 | ||||
| Rent and Rates | £220 x 12 months | |||
| 2640 | ||||
| Administration Costs | 10% of Total Wages | |||
| 10% x 39280 | ||||
| 3928 | ||||
| Depreciation | 10% x £40000 | |||
| 4000 | ||||
| Total Number of Meals | ||||
| 400 meals x 52 weeks x 80% | ||||
| 16640 | meals | |||
| Average Cost per Meal | ||||
| Total Cost / Total Number of Meals | ||||
| £124800 / 16640 meals | ||||
| 7.5 | ||||
| Average Price per Meal | ||||
| Average Cost per Meal | 7.5 | |||
| Add Profit (60% of Cost) | 4.5 | |||
| Av Price per Meal | 12 |