Answer :
Sure, let's walk through the problem and calculate the required values step-by-step.
1. Total Sales Calculation:
- Last Month:
- Dining Room: \[tex]$84,500 - Carry-out: \$[/tex]15,000
- Bar: \[tex]$13,500 - Total Sales Last Month: \[ \$[/tex]84,500 + \[tex]$15,000 + \$[/tex]13,500 = \[tex]$113,000 \] - This Month: - Dining Room: \$[/tex]86,250
- Carry-out: \[tex]$15,500 - Bar: \$[/tex]12,750
- Total Sales This Month:
[tex]\[ \$86,250 + \$15,500 + \$12,750 = \$114,500 \][/tex]
2. Variance Calculation:
- Dining Room:
- Variance:
[tex]\[ \$86,250 - \$84,500 = \$1,750 \][/tex]
- Carry-out:
- Variance:
[tex]\[ \$15,500 - \$15,000 = \$500 \][/tex]
- Bar:
- Variance:
[tex]\[ \$12,750 - \$13,500 = -\$750 \][/tex]
3. Percentage Variance Calculation:
- Dining Room:
- Variance Percentage:
[tex]\[ \left( \frac{ \$1,750 }{ \$84,500 } \right) \times 100 \approx 2.071\% \][/tex]
- Carry-out:
- Variance Percentage:
[tex]\[ \left( \frac{ \$500 }{ \$15,000 } \right) \times 100 \approx 3.333\% \][/tex]
- Bar:
- Variance Percentage:
[tex]\[ \left( \frac{ -\$750 }{ \$13,500 } \right) \times 100 \approx -5.556\% \][/tex]
Now we can fill in the table:
\begin{tabular}{|l|c|c|c|c|}
\hline \multicolumn{5}{|l|}{ Jacob's Restaurant } \\
\hline & Last Month & This Month & Variance & Variance \% \\
\hline Sales & & & & \\
\hline Dining Room & \[tex]$84,500 & \$[/tex]86,250 & \[tex]$1,750 & 2.071\% \\ \hline Carry-out & \$[/tex]15,000 & \[tex]$15,500 & \$[/tex]500 & 3.333\% \\
\hline Bar & \[tex]$13,500 & \$[/tex]12,750 & -\[tex]$750 & -5.556\% \\ \hline Total Sales & \$[/tex]113,000 & \[tex]$114,500 & \$[/tex]1,500 & \\
\hline
\end{tabular}
- Variance Total Sales:
[tex]\[ \$114,500 - \$113,000 = \$1,500 \][/tex]
Filling all this information provides us a complete understanding of how Jacob's restaurant has performed this month compared to last month.
1. Total Sales Calculation:
- Last Month:
- Dining Room: \[tex]$84,500 - Carry-out: \$[/tex]15,000
- Bar: \[tex]$13,500 - Total Sales Last Month: \[ \$[/tex]84,500 + \[tex]$15,000 + \$[/tex]13,500 = \[tex]$113,000 \] - This Month: - Dining Room: \$[/tex]86,250
- Carry-out: \[tex]$15,500 - Bar: \$[/tex]12,750
- Total Sales This Month:
[tex]\[ \$86,250 + \$15,500 + \$12,750 = \$114,500 \][/tex]
2. Variance Calculation:
- Dining Room:
- Variance:
[tex]\[ \$86,250 - \$84,500 = \$1,750 \][/tex]
- Carry-out:
- Variance:
[tex]\[ \$15,500 - \$15,000 = \$500 \][/tex]
- Bar:
- Variance:
[tex]\[ \$12,750 - \$13,500 = -\$750 \][/tex]
3. Percentage Variance Calculation:
- Dining Room:
- Variance Percentage:
[tex]\[ \left( \frac{ \$1,750 }{ \$84,500 } \right) \times 100 \approx 2.071\% \][/tex]
- Carry-out:
- Variance Percentage:
[tex]\[ \left( \frac{ \$500 }{ \$15,000 } \right) \times 100 \approx 3.333\% \][/tex]
- Bar:
- Variance Percentage:
[tex]\[ \left( \frac{ -\$750 }{ \$13,500 } \right) \times 100 \approx -5.556\% \][/tex]
Now we can fill in the table:
\begin{tabular}{|l|c|c|c|c|}
\hline \multicolumn{5}{|l|}{ Jacob's Restaurant } \\
\hline & Last Month & This Month & Variance & Variance \% \\
\hline Sales & & & & \\
\hline Dining Room & \[tex]$84,500 & \$[/tex]86,250 & \[tex]$1,750 & 2.071\% \\ \hline Carry-out & \$[/tex]15,000 & \[tex]$15,500 & \$[/tex]500 & 3.333\% \\
\hline Bar & \[tex]$13,500 & \$[/tex]12,750 & -\[tex]$750 & -5.556\% \\ \hline Total Sales & \$[/tex]113,000 & \[tex]$114,500 & \$[/tex]1,500 & \\
\hline
\end{tabular}
- Variance Total Sales:
[tex]\[ \$114,500 - \$113,000 = \$1,500 \][/tex]
Filling all this information provides us a complete understanding of how Jacob's restaurant has performed this month compared to last month.