hypopotam
Aug 9, 2010, 07:14 AM
The trading results for July 2010 have just made available and are shown below:
Turnover (650) meals: £ 19,500
Costs:
Materials: £4,810
Staff/labour: £7,575
Power: £650
Rent: £1,500
Vehicle running costs: £320
Other fixed costs: £3,980
Total costs: £18,835
Net profit: £665
Materials and power are available costs with respect to the number of meals produced.all other costs are fixed with the exception of labour. The data for the last six months indicates some variability in labour costs with the following levels observed
Months 2010 Number of Meals Served Labour Cost (£)
February 658 7619
March 598 7289
April 558 7069
May 594 7267
June 640 7520
July 650 7575
Produce a statement that shows the contribution/ month and the net profit/month under marginal costing for the current restaurant with sales of 650 meals/month.
Thanks for any help:))
Turnover (650) meals: £ 19,500
Costs:
Materials: £4,810
Staff/labour: £7,575
Power: £650
Rent: £1,500
Vehicle running costs: £320
Other fixed costs: £3,980
Total costs: £18,835
Net profit: £665
Materials and power are available costs with respect to the number of meals produced.all other costs are fixed with the exception of labour. The data for the last six months indicates some variability in labour costs with the following levels observed
Months 2010 Number of Meals Served Labour Cost (£)
February 658 7619
March 598 7289
April 558 7069
May 594 7267
June 640 7520
July 650 7575
Produce a statement that shows the contribution/ month and the net profit/month under marginal costing for the current restaurant with sales of 650 meals/month.
Thanks for any help:))