PEV December 06

joerd84

Hi

I was wondering if anyone could help me out on the profit and loss account for task 2.2. I've got the answers in front of me for the Turnover and materials etc, but i've got no idea how it's came to those figures. If anyone could help would be much appreciated.

Thanks

gingervicki

i have just done this one.....


turnover £720000 for both renting and purchasing info given
materials £240000 for both £2 x 120000units
labour £180000 for both £1.50 x 1200000 units
f/oheads £82000 for both info given

rent/depn £50000 for rent info given and £17500 for depn3000000-900000=2100000 /12*10

Total c.o.s £552000 £519500add them up

so profit = 1680000 2005000



then net assets 1372700 2405200 this info is given

hope this helps - drawit up in a table and you can see it all clearly

vicki

joerd84

Thanks alot Vicki.

Just out of interest where are you getting the 720000 for turnover from?

lucy1988

I have had the same problem with this question.
I think it is from £120,000 x £6 per meal = £720,000. But im not 100% sure.

lucy1988

where is the net assets figure given?