Philly Bar Works (PBW) Catering Company Case Assignment
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Philly Bar Works (PBW) Catering Company Case Assignment
Question Description
Philly Bar Works (PBW) is a catering company located in Philadelphia. Every year from May through September, they operate a beer garden at Spruce Street Harbor Park near Penn’s Landing. PBW pays for all expenses of operating the beer garden as well as rent to the Harbor Park. Their operating expenses include equipment rental, temporary liquor and business licenses, and insurance. They also have a number of small miscellaneous expenses that are typically not classified and are thought to be immaterial as individual expenses.
PBW offers four types of alcoholic beverages: domestic beer, premium beer, wine, and mixed drinks and liquor. PBW’s planning budget and actual results for 2016 are presented in the PBW.xlxs file. PBW’s planning budget includes estimated prices and volumes (qty), while the actuals provide actual volumes. Definitions of selected revenue and expense items are listed below. Items not listed are thought to be self-explanatory.
Additional Definitions
Domestic Beer: 16-ounce serving of domestic beer. The list of domestic beers is stable and includes a regular and light version of a single domestic brand.
Premium Beer: 16-ounce serving of premium beer. Beers are chosen from a rotating list, and while cost for the types of beer may vary, the estimated average cost per serving is estimated to be $1.50.
Wine: 5-ounce serving of house wine chosen by PBW. The list includes two red and two white varietals. Cost for the types of wine may vary, but average costs are expected to be $2 per serving.
Mixed Drinks and Liquor: 2-ounce serving of liquor that can either be served on its own, over ice, or combined with a mixer. Types of liquor served include one brand each of whiskey, Scotch whiskey, vodka, rum, tequila, and gin. Regardless of whether the customer orders a mixed drink or liquor by itself, the average cost of each serving is estimated to be about $2.5.
Labor: hourly employees hired to tend the bar. The beer garden is opened from 5 to 9PM on Monday-Friday and noon to 10PM on Saturday and Sunday. 2,025 hours are estimated to be needed at an average wage of $12 per hour. The estimated working hours includes time to set up and close down the beer garden, and is based on the assumption that an average of two people will work the beer garden at any given time.
Equipment Rental: an expense paid monthly, and consisting primarily of cost associated with renting tap and refrigeration systems.
Instructions: embed your answers inside the document after each question. If you are unsure about something, feel free to email me for guidance.
- Create a flexible budget for PBW using the actual levels of activity provided above.
- For each budgeted revenue and expense item, calculate the master budget, volume and flexible budget variances. Label each variance favorable and unfavorable.
- Are any of the variances calculated in part 2 cause for concern? List the variances that you think are material, and provide some possible explanations for why you think these variances occurred. You do not need to provide explanations for immaterial variances, but at least some of the variances should be material.
- PBW was able to track the actual amount, in ounces, of each beverage used. Based on the standard amounts provided above, and the actual amounts provided below, calculate the price and volume variance of each type of beverage that PBW serves.
Beverage Actual Ounces Used Domestic Beer 134,710 Premium Beer 76,485 Wine 47,477 Mixed Drinks and Liquor 16,109
- Based on the material variances that you found (in part 3 and 4), provide some advice to PBW on how to reduce each unfavorable variance and (possibly) take advantage of favorable variance.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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