cost ac presntation

8/2/2019 Cost Ac Presntation

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Mian Atif Nisar Roll No.57

Mohammadullah Roll. No.59

Shujat Hussain Roll No. 70

Presented to : Miss Ayesha Sami Latif

QACC University of Peshawar


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TOPIC

FOOD PUNCH RESTAURANT

Actual & Budgeted Variance


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s


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INTRODUCTION

Food Punch Restaurant the only best fast

food restaurant in Peshawar offers a wide

and varied menu to customers specializing

in quality burger & chicken products. We

now offer products that have appeal to all

ages and tastes including the sizzling steak,Chicken cheese burger, special chief pizza

and chicken chowmein to name a few.


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CONTINUED

Food Punch Restaurant is located in AL

Hajj Plaza University Road Peshawar.


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Products


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Chicken Burger


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Restaurant Staff

Owner: Salman Ahmed

Manager: Kamran Munawar

Other Staff:

3 Cooks

8 Waiters

2 Dish Washers

1 Security Guard


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Mr. Mohammadullah


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Mission Statement

Food Punch will be a leading Pakistani owned fast foodcompany that is committed to providing innovativeproducts that are consumer and lifestyle focused.

We will achieve this by meeting our customer expectationsfor:

Value

Quality

Efficient Service

In a customer friendly environment, to add value to ourstakeholders.


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Budget

An estimation of the revenue and expenses over a

specified future period of time. A budget can be

made for a person, family, group ofpeople, business, government, country,

multinational organization or just about anything

else that makes and spends money. A budget is

a microeconomic concept that shows the tradeoffmade when one good is exchanged for another.


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Variance

Variance is the difference between a

budgeted, planned or standard amount and

the actual amount incurred/sold. Variancescan be computed for both costs and

revenues.


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Mian Atif Nisar


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Budget Comparison of 2011

L/F Description Budget ActualExpenses

Variances

1. Kitchen Food Expenses 2800000 3500000 700000

2. Staff Salaries 1440000 1840000 400000

3. Electricity Expenses 240000 200000 (40000)

4. Gas Expenses360000 450000 90000

5. Stationery 60000 47000 (13000)

6. Advertisement 50000 80000 30000


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Budget Comparison of 2011

7. Building Rent 600000 600000 -

8. Utensils 240000 400000 160000

9. Repair & Maintenance 100000 220000 120000

10. Packing Material 60000 75000 15000

11. Charity Fund

50000 50000 -

12. Misc. Expenses 36000 50000 14000

13. Revenues 90,00000 12441600 3441600


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Food Punch Annual Financial Position

Total Actual Expenditure Rs.6912000/-

Total Revenue Rs.12441600/-

Net Income Rs. 5529600/-

Estimated Per Month IncomeRs.460800/-

Revenue Variance Rs.3441600/-


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Conclusion

Food Business has great scope in Peshawar.

Staff Attitude is counted in Business

Development.

Product Line was Limited & Common.

Business Locality Best.

Timing & Quality was strongly considered.

Staff was rewarded on Performance Basis.


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THE END

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&

Answer

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