SITXFIN003 MANAGE FINANCES WITHIN A BUDGET

Jackson Hotel operational budget – June quarter

April May June June quarter

  $ $ $ $
Revenue        
Food sales 116,800 127,750 120,450 365,000
Beverage sales 240,000 247,500 262,500 750,000
Tab commission 49,300 47,850 47,850 145,000
Total revenue 406,100 423,100 430,800 1,260,000
         
Cost of sales        
Food purchases 48,180 49,640 48,180 146,000
Beverage purchases 84,000 86,625 91,875 262,500
Total cost of sales 132,180 136,265 140,055 408,500
Gross profit 273,920 286,835 290,745 851,500
         
Expenses        
Accounting 2,700 3,000 4,300 10,000
Advertising/promotions 3,900 4,810 4,290 13,000
Bank charges 7,582 7,359 7,359 22,300
Cleaning contractor 7,451 7,451 7,451 22,354
Commission credit card 767 767 767 2,300
Small equipment replacement 833 833 833 2,500
Insurance 1,833 1,833 1,833 5,500
Laundry 347 357 347 1,050
Legal fees 1,280 360 360 2,000
Licence fees & permits 983 983 983 2,950
Motor vehicle expenses 500 500 500 1,500
Maintenance 4,224 4,352 4,224 12,800
Printing & stationery 800 800 800 2,400
Rubbish removal 500 500 500 1,500
Communication 2,000 2,000 2,000 6,000
Training & development 1,190 1,155 1,155 3,500
Wages & on-costs 193,050 198,900 193,050 585,000
Utilities 12,000 11,647 11,647 35,295
Total expenses 241,941 247,608 242,400 731,449
         
NET PROFIT 31,979 39,227 48,345 120,051

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SITXFIN003 MANAGE FINANCES WITHIN A BUDGET

Comparative analysis report

Bistro departmental budget – April
 Don’t forget to round your figures up or down to the nearest whole number.

April Favourable / May June quarter

  Budget Actual Variance Variance Unfavourable Budget Budget
$ $ $ %   $ $
Revenue
Food sales 105,120 119,837 14,717 14 Favourable 114,975 328,500
Beverage sales 89,250 96,390 7,140 8 Favourable 91,875 262,500
Total sales 194,370 216,227 21,857 11.2 Favourable 206,850 591,000
Cost of sales
Unfavourabl
Food purchases 40,953 45,048 4095 10
e
42,194 124,100
Unfavourabl
Beverage purchases 27,563 30,043 2,480 (9) e
26,775 78,750
Unfavourabl
Total cost of sales 68,516 75,091 6,575 9.6
e
68,970 202,850
Gross profit 125,854 141,136 15,282 12.1 Favourable 137,881 388,150
Expenses
Advertising/Promotions 780 624 (156) 20 Favourable 962 2,600
Cleaning contractor 1,490 1,490 - 0 Favourable 1,490 4,471
Unfavourabl
Small equipment replacement 333 393 60 18
e
333 1,000
Laundry 245 232 (13) 5.3 Favourable 245 735
Unfavourabl
Maintenance 1,493 1,262 (231) 15.5 e
1,493 4,480
Unfavourabl
Printing & stationery 160 195 35 (21.9) e
160 480
Unfavourabl
Training & seminars 408 653 245 (60) e
396 1,200

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 SITXFIN003 MANAGE FINANCES WITHIN A BUDGET

Unfavourabl
Wages & on-costs 85,901 98,771 12,870 (15) 89,345 260,762
e
Utilities 3,441 3,235 (206) 6 Favourable 3,494 10,589
Unfavourabl
Total expenses 94,251 106,855 12,604 (13.4) 97,918 286,316
e
NET PROFIT 31,603 34,281 2,678 85 Favourable 39,962 101,834

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