Matakuliah
Tahun
: V0254 - Operational Tata Hidang II
: 2010
Managing The Cost & Expenses
Pertemuan 8
Question 1
Week
1
2
3
4
Month
Revenue
Expense
$ 894,50
$ 761,80
$
1.147,60
522,46
1.261,80
879,14
1.345,11
1.486,20
$ 4.649,01
$ 3.649,60
$
To Receive
$1,200.00
Profit for the
Month
Month
$ 4.649,01
$ 3.449,01
$
Profit / Loss
132,70
625,14
382,66
(141,09)
999,41
1.200,00
Given her sales for the month, tell her how much her expenses should
have been to realize the $1,200.00 profit she had hoped for.
Answer: To realize the $1,200.00 profit she should have had $ 3,449.01
expenses for the month.
Bina Nusantara University
3
Question 2
%
Revenue
$ 100.000,00 100,0
F&B Expense
34.000,00
34,0
Labor Expense 40.000,00
40,0
Other Expense 21.000,00
21,0
Total Expenses
95.000,00
95,0
Profit
$
5.000,00
5,0
Other
Expens
e
21.0%
F&B
Expens
e
34.0%
Labor
Expens
e
40.0%
Profit
12.5%
%
Revenue
$ 120.000,00 100,0
F&B Expense
44.000,00
36,7
Labor Expense 40.000,00
33,3
Other Expense 21.000,00
17,5
Total Expenses
105.000,00
87,5
Profit
$
15.000,00
12,5
Profit
5.0%
Other
Expens
e
17.5%
F&B
Expens
e
36.7%
Labor
Expens
e
33.3%
Using these numbers, is the owner’s profit percentage going to be higher or lower
than that in March? By how much?
Bina Nusantara University
Answer: The owner’s profit will be higher. The increase in profit will be 7.5%.
4
%
Revenue
F&B Expense
Labor Expense
Other Expense
Total Expenses
Profit
$ 120.000,00
100,0
44.000,00
36,7
50.000,00
41,7
19.000,00
15,8
113.000,00
94,2
$
7.000,00
5,8
Profit
5.8%
Other
Expens
e
15.8%
F&B
Expens
e
36.7%
Labor
Expens
e
41.7%
Using these numbers, is the owner’s profit percentage going to be higher or lower than that in
March? By how much?
Answer: The owner’s profit will be higher. The increase in profit will be 0.8%.
Which set of projections has more reasonable goals?
Answer: Assuming that much of her labor expense includes management on salaries,
reducing labor expense from 40% to 33.3% may not be feasible; therefore, the first set of
projections may not be realistic. By using the second set of projections, Su can increase her
profits while providing a higher quality of service by increasing labor costs slightly.
Bina Nusantara University
5
Question 3
This Year
%
Last Year
%
Revenue
$
965.971,00
100,0 $
875.421,00
100,0
F&B Expense
367.069,00
38,0
350.168,00
40,0
Labor Expense 338.090,00
35,0
315.151,00
36,0
Other Expense 144.896,00
15,0
140.068,00
16,0
Total Expense
850.055,00
88,0
805.387,00
92,0
Profit
$
115.916,00
12,0 $
70.034,00
8,0
How is Terry doing in managing his expenses when comparing this year to last year?
Answer: Terry is able to decrease his total expense by 4% this year compared to last year.
How do changes in revenue affect his performance?
Answer: Terry had an increase in revenues and a subsequent increase in expenses.
However, he was able to control his expenses and actually decrease them as a percentage of
sales. Therefore, Terry experienced an increase in profit for this year.
Bina Nusantara University
6
Question 4
Item
Meals Served
Revenue
Food Expense
Labor Expense
Other Expense
Total Expenses
Reserve
Budget
Actual
% of Budget
300.000
149.800
49,93
$360.000
$179.760
49,93
170.000
84.961
49,98
125.000
63.752
51,00
60.000
31.460
52,43
355.000
180.173
50,75
5.000
(413)
(8,26)
Assuming the year is 50% completed and Pamela continues doing what she is
doing, is she likely to meet the reserve requirement and thus be able to purchase
the salad bar by the end of the year? If not, what changes should she make over
the next 6 months to ensure that she will have the $5,000 in reserve?
Bina Nusantara University
Answer: No, if Pamela continues to do what she is doing she will not meet the
reserve required to purchase the salad bar by the end of the year since she
already has a -$413 balance in the account. Pamela should decrease labor
expense and other expense since she has already spent over 50% of her budget
on these items.
7
Question 5
Meal
Selling Price
$15,00
$15,00
$15,00
$15,00
$15,00
$15,00
Food Cost %
20%
25%
30%
33%
35%
40%
Amount that Can Be
Spent for Food
$3,00
$3,75
$4,50
$4,95
$5,25
$6,00
How will the doctors’ meals likely be affected if the target cost percentage is
reduced? If it is increased?
Answer: If the target cost percentage is reduced, the quality and/or portion
size of the meals may be reduced. If the target cost percentage is
increased, the quality and/or portion size of the meals may be increased.
Bina Nusantara University
8
Question 6
Revenue
F&B Expense
Labor Expense
Other Expense
Total Expense
Profit
This Year
%
Last Year
%
$1.448.956 100% $1.094.276 100%
463.666
32%
382.997 35%
652.030
45%
437.710 40%
217.343
15%
186.027 17%
1.333.039
92% 1.006.734 92%
115.917
8%
87.542
8%
Was Dawne effective at controlling her expenses? Did she meet the profit goal set
by the General Manager? If not, what could Dawne do in the future to help her
make her target profit.
Bina Nusantara University
Answer: Dawne was effective at controlling her food and beverage expense and
her other expense. However, she did not control her labor expense well. She did
not meet the profit goal set by the General Manager. She should work on being
more of a manager and less of a "buddy" to her employees. She needs to be able
to send her employees home when business is slow, or she may risk losing her job
in the future.
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Bina Nusantara University
10