PEV December 06

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joerd84
joerd84 Registered Posts: 56 Regular contributor ⭐
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

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  • gingervicki
    gingervicki Registered Posts: 87 Regular contributor ⭐
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    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
    joerd84 Registered Posts: 56 Regular contributor ⭐
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    Thanks alot Vicki.

    Just out of interest where are you getting the 720000 for turnover from?
  • lucy1988
    lucy1988 Registered Posts: 74 Regular contributor ⭐
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    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
    lucy1988 Registered Posts: 74 Regular contributor ⭐
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    where is the net assets figure given?
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