Profit & Loss Budget for 1st Oct 2019 to 31st Dec 2019

Details October November December Total

Food Sales $71,333 $76,500 $81,800 $229,633 Note: Please do not fill in any highlighted cells as they contain formulas
Beverage Sales $55,120 $58,500 $62,000 $175,620 You have to work out the %of Budgeted Revenue by yourself
Function Sales $84,333 $88,167 $88,167 $260,667 Please ensure that % budgeted revenue is not less than equal to 25% and more than equal to 30%
Total Revenue $210,786 $223,167 $231,967 $665,920 Once finish collecting feedback with your trainer, transfer the drafted budget on the 'Drafted Version' tab and then to the changes accordingly
Operating Expenses
Food Cost $37,666 $37,852 $38,120 $113,638
Beverage Cost $17,000 $17,250 $17,630 $51,880
Marketing $10,500 $10,500 $10,500 $31,500
Rent $18,000 $18,000 $18,000 $54,000
Telephones $500 $500 $500 $1,500
Miscellaneous $1,500 $1,500 $1,500 $4,500
Utilities $3,000 $3,000 $3,000 $9,000
Wages - Base Salary $71,752 $72,000 $72,110 $215,862
Superannuation $7,175 $7,200 $7,211 $21,586
Total Operating Expenses $167,093 $167,802 $168,571 $503,466
Net Profit or Loss $43,693 $55,365 $63,396 $162,454
% of Budgeted Revenue 20.73% 24.81% 27.33% 24.40%

P & L Statement for October 2019

Details Budget Actual Variance $ Variance %
Food Sales $71,333 $78,610 $7,277 9.26%
Beverage Sales $55,120 $61,440 $6,320 10.29%
Function Sales $84,333 $97,500 $13,167 13.50%
Total Revenue $210,786 $237,550 $26,764 11.27%
Operating Expenses
Food Cost $37,666 $47,623 ($9,957) -20.91%
Beverage Cost $17,000 $24,982 ($7,982) -31.95%
Marketing $10,500 $1,300 $9,200 707.69%
Rent $18,000 $18,000 $0 0.00%
Telephones $500 $440 $60 13.64%
Miscellaneous $1,500 $1,399 $101 7.22%
Utilities $3,000 $3,561 ($561) -15.75%
Wages - Base Salary $71,752 $74,160 ($2,408) -3.25%
Superannuation $7,175 $7,416 ($241) -3.25%
Total Operating Expenses $167,093 $178,881 $11,788 6.59%
Net Profit or Loss $43,693 $58,669 $14,976 25.53%
% of Budgeted Revenue 20.73% 24.70% 55.96% 226.56%

P & L Statement for November 2019 & December 2019

November December
Details
Budget Actual Variance $ Variance % Budget Actual Variance $ Variance %
Food Sales $76,500 $78,563 $2,063 2.63% $81,800 $73,984 ($7,816) -10.56%
Beverage Sales $58,500 $58,621 $121 0.21% $62,000 $54,996 ($7,004) -12.74%
Function Sales $88,167 $98,565 $10,398 10.55% $88,167 $76,536 ($11,631) -15.20%
Total Revenue $223,167 $235,749 $12,582 5.34% $231,967 $205,516 ($26,451) -12.87%
Operating Expenses
Food Cost $37,852 $44,225 ($6,373) -14.41% $38,120 $39,815 ($1,695) -4.26%
Beverage Cost $17,250 $21,656 ($4,406) -20.35% $17,630 $16,458 $1,172 7.12%
Marketing $10,500 $1,140 $9,360 821.05% $10,500 $980 $9,520 971.43%
Rent $18,000 $18,000 $0 0.00% $18,000 $18,000 $0 0.00%
Telephones $500 $411 $89 21.65% $500 $489 $11 2.25%
Miscellaneous $1,500 $1,120 $380 33.93% $1,500 $1,365 $135 9.89%
Utilities $3,000 $3,800 ($800) -21.05% $3,000 $3,715 ($715) -19.25%
Wages - Base Salary $72,000 $74,822 ($2,822) -3.77% $72,110 $72,984 ($874) -1.20%
Superannuation $7,200 $7,482 ($282) -3.77% $7,211 $7,298 ($87) -1.19%
Total Operating Expenses $167,802 $165,174 ($2,628) -1.59% $168,571 $161,104 ($7,467) -4.63%
Net Profit or Loss $55,365 $70,575 $15,210 21.55% $63,396 $44,412 ($18,984) -42.75%
% of Budgeted Revenue
 Profit & Loss Budget for 1st Oct 2019 to 31st Dec 2019
Details October November December Total
Food Sales $71,333 $76,500 $81,800 $229,633 $66,667
Beverage Sales $55,120 $58,500 $62,000 $175,620 $52,000
Function Sales $84,333 $88,167 $88,167 $260,667 $76,667
Total Revenue $210,786 $223,167 $231,967 $665,920 $195,333
Operating Expenses
Food Cost $37,666 $37,852 $38,120 $113,638 $36,667
Beverage Cost $17,000 $17,250 $17,630 $51,880 $16,667
Marketing $10,500 $10,500 $10,500 $31,500 $1,200
Rent $18,000 $18,000 $18,000 $54,000 $18,000
Telephones $500 $500 $500 $1,500 $500
Miscellaneous $1,500 $1,500 $1,500 $4,500 $1,500
Utilities $3,000 $3,000 $3,000 $9,000 $3,000
Wages - Base Sal $71,752 $72,000 $72,110 $215,862 $71,667
Superannuation $7,175 $7,200 $7,211 $21,586 $7,167
Total Operating $167,093 $167,802 $168,571 $503,466 $156,367
Net Profit or Los $43,693 $55,365 $63,396 $162,454 $38,967
% of Budgeted R 20.73% 24.81% 27.33% 24.40%