Mian Atif Nisar Mohammadullah Shujat Hussain

Roll No.57 Roll. No.59 Roll No. 70

Presented to : Miss Ayesha Sami Latif

QACC University of Peshawar

TOPIC

FOOD PUNCH RESTAURANT

Actual & Budgeted Variance

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.

CONTINUED
Food Punch Restaurant is located in AL Hajj Plaza University Road Peshawar.

Products

Chicken Burger

Restaurant Staff
Owner: Manager: Other Staff:

Salman Ahmed Kamran Munawar

3 Cooks 8 Waiters 2 Dish Washers 1 Security Guard

 Mr. Mohammadullah

Mission Statement
Food Punch will be a leading Pakistani owned fast food company that is committed to providing innovative products that are consumer and lifestyle focused. We will achieve this by meeting our customer expectations for: Value Quality Efficient Service In a customer friendly environment, to add value to our stakeholders.

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 of people, business, government, country, multinational organization or just about anything else that makes and spends money. A budget is a microeconomic concept that shows the tradeoff made when one good is exchanged for another.

Variance
Variance is the difference between a budgeted, planned or standard amount and the actual amount incurred/sold. Variances can be computed for both costs and revenues.

 Mian Atif Nisar

Budget Comparison of 2011

L/F Description
Budget Actual Variances Expenses
2800000 1440000 240000 360000 60000 50000

1.
2. 3. 4. 5. 6.

Kitchen Food Expenses

Staff Salaries Electricity Expenses Gas Expenses Stationery Advertisement

3500000 1840000 200000 450000 47000 80000

700000 400000 (40000) 90000 (13000) 30000

Budget Comparison of 2011

7.
8.

Building Rent
Utensils

600000
240000

600000
400000

160000

9.

Repair & Maintenance

100000
60000 50000 36000

220000
75000 50000 50000

120000
15000 14000 3441600

10. Packing Material 11. Charity Fund

12. Misc. Expenses

13. Revenues

90,00000 12441600

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/-

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.

THE END
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