# Hospitality Cost Accounting question Sorry! question already answered! thanks! RESTAURANT SALES COST OF GOODS SOLD $1,500,000.00... ###### Question: Hospitality Cost Accounting question Sorry! question already answered! thanks! RESTAURANT SALES COST OF GOODS SOLD$1,500,000.00 100.00% $30.00% 450,000.00 GROSS PROFIT$1,050,000.00 70.00% EXPENSES SALARY 16.67% HOURLY WAGES 12.33% SUPPLIES 5.00% $250,000.00$185,000.00 $75,000.00$130,000.00 $150,000.00$15,000.00 RENT 8.67% UTILITIES 10.00% TRASH REMOVAL 1.00% LEGAL & ACCOUNTING $20,000.00 1.33% 4% INSURANCE TOTAL EXPENSES$75,000.00 $900,000.00 60.00% PROFIT BEFORE DEPREC.. AMORT. & INCOME$ TAXES 150,000.00 10.00%
TOTAL EXPENSES $900,000.00 60.00% PROFIT BEFORE DEPREC., AMORT. & INCOME$ TAXES 150,000.00 10.00% a. What is the variable rate for XYZ Restaurant? b. What is the break-even point for XYZ restaurant? c. What are total fixed expenses? Please use the same fixed expenses as those used from the example in class. (Rent, utilities, trash removal, legal & a fixed expense.) accounting are considered fix)

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