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Management Accounting For Hospitality and Tourism.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Management Accounting For Hospitality and Tourism SH201 REHMA HUSAIN 200214153 ASSIGNMENT 2 TUTOR: FIONA CONWAY 1a) Calculations for budgeted profit of February 2004: Mushrooms - (90kg*(0.30*10) = £270 Cream - £160* 0.20 = £32 Beef - (70kg*(1.5*10) = £1050 Potatoes - (180kg*(0.05*5) = £45 Vegetables - (270kg*(0.27*3.33) = £243 Other Ingredients and accompaniments - £200*0.23 = £46 Fruit - (140kg*(0.45*6.67) = £420 Total Costs £2106 Calculated budget profit of February 2004: Selling Price*Set Menus Budgeted to be Sold - Total Cost =Budgeted Profit £7.50*750 = £5625 Total Costs = £2106 Budgeted Profit £3519 b) Calculated Actual Profit for February 2004: 90kg of Mushrooms £300 Cream and other ingredients £160 70kg of Beef £1148 180kg of Potatoes £40 270kg of Vegetables £250 Other Ingredients and accompaniments £200 140kg of Fresh Fruit £450 Total Cost £2548 Calculated actual profit of February 2004: Selling Price*Set menus actually sold - Total Actual Cost = Actual Profit £7.00*860 = £6020 Total Cost = £2548 Actual Profit = £3472 c) Calculation of Variances of February 2004: Mushrooms APAQ SPAQ SPSQ (90kg*£3) (£3*(860*100/1000) 300 270 258 30U 12U Beef APAQ SPAQ SPSQ ...
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