2. PERTEMUAN 11 Chapter 11 BUDGETING and INTERNAL CONTROLS
Matakuliah : V Manajemen Akuntansi Hotel
Tahun :
PERTEMUAN 11 Chapter 11 BUDGETING and INTERNAL CONTROLS

3. Zheng Chung is the managing owner of the Stillwater Grill
Zheng Chung is the managing owner of the Stillwater Grill. This year, 2010, was a good year for him. Now he is preparing his 2011 budget. Using the information Zheng believes will be true, help him complete the dollars and percentage amounts in the budget worksheet that follows, then answer the question he has about next year. Beside upon his sales histories, sales projections, and cost records, Zheng predicts that in 2011 his operation will experience:
A 6% increase in food sales
A 4% increase in beverage sales
No change in food or beverage product cost percentage
Salaries and wages that will increase 3.5%
Benefits that will increase 10%
An increase in all other operating expenses (except depreciation) of 2%
Interest payment for loans that will total $1,100 per month entry
A depreciation schedule that’s calls for a $750 per month entry
Tax payments that are estimate to be 25% of income before income taxes

4. BUDGET WORKSHEET FOR SEPTEMBER 2011
THE STILLWATER GRILL
BUDGET WORKSHEET FOR SEPTEMBER 2011
2010 Actual %
2011 Budget
SALES
Food
346,500
75.3
Beverage
113,500
24.7
Total Sales
460,000
100.00
COST OF SALES
116,500
33.6
18,750
16.5
Total Cost of Sales
135,250
29.4
GROSS PROFIT
230,000
66.4
94,750
83.5
Total Gross Profit
324,750
70.6

5. OPERATING EXPENSES
Salaries and Wages
72,500
15.8
Employee Benefits
12,400
2.7
Direct Operating System
16,550
3.6
Music and Entertainment
3,200
0.7
Marketing
6,650
1.4
Utility Services
11,950
2.6
Repairs and Maintenance
3,500
0.8
Administrative and General
12,750
2.8
Occupancy
30,000
6.5
Depreciation
8,400
1.8
Total Operating Expenses
177,900
38.7

6. Operating Income
146,850
31.9
Interest
14,000
3.0
Income Before Income Taxes
132,850
28.9
Income Taxes
33,213
7.2
Net income
99,638
21.7

7. What will be Zheng’s total sales in 2011?
What will be Zheng’s total cost of sales income 2011?
What will be the amount Zheng will spend on salaries, wages, and employee benefits in 2011?
What is the estimate amount of income taxes Zheng will pay in 2011?
What does Zheng estimate will be his operation’s net income percentage (profit margin) in 2011? How will that complete to his 2010 percentage?