Question

	CD-ROM Exercise 2.2 Use the figures givenbelow to complete the statement of income for the Blackburn Tavern, calculate percentages for each catagory as illustrated in Figure 2.1 Food Sales  $723,556.00 Salariesand Wages  $228,456.00 Beverage Sales  $224,945.00 Other Controllable  $145,532.00 Beverage Cost  $ 57,534.00 Employee Benefits  $  14,667.00 Food Cost  $265,998.00 Occupancy Costs  $ 44,860.00 Depreciation Expense  $ 74,856.00 Interest  $  21,790.00
		Exercise 2.2
		Blackburn Tavern
		INCOME STATEMENT				Percent of Sales
		YEAR ENDED DECEMBER 31, 20XX
Sales
	Food		$				%
	Beverage						%
	Total Sales			$                   -			%
Cost of Sales
	Food		$				%
	Beverage						%
	Total Cost of Sales			$                   -			%
Gross Profit				$                   -			%
Controllable Expenses
	Salaries and Wages		$				%
	Employee Benefits						%
	Other Controllable Expenses						%
Total Controllable Expenses				$                   -			%
Income Before Occupancy costs				$                   -			%
Interest, Depreciation, and Income Taxes
Occupancy Costs			$				%
Interest							%
Depreciation							%
Total				$                   -			%
Restaurant Profit				$                   -			%

Answer 1

Sales			Percent of sales
Food	723556		76.28%
Beverage	224945		23.72%
Total Sales		948501	100.00%
Cost of Sales :
Food	265998		28.04%
Beverage	57534		6.07%
Total Cost of Sales		323532	34.11%
Gross Profit		624969	65.89%
Controllable Expenses :
Salaries and Wages	228456		24.09%
Employee Benefits	14667		1.55%
Other Controllable Expenses	145532		15.34%
Total Controllable Expenses		388655	40.98%
Income Before Occupancy costs		236314	24.91%
Interest, Depreciation, and Income Taxes
Occupancy Costs	44860		4.73%
Interest	21790		2.30%
Depreciation	74856		7.89%
Total		141506	14.92%
Profit		94808	10.00%