country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Question:

Research and prepare the 2 different Operational Plans and Budget Information Plans for a restaurant/cafe. The term "Operational pPan" can be interpreted as any plan that may be required to support day-to-day workplace operations.
 
 

Answer:

Operational plan I for a Restaurant Business

The staff of the restaurant is to be divided into two shifts and the workforce should be divided equally according to their skills.

Shift 1 - Comprising of 12 members that include 6 waiters, 4 cooks, 1 Receptionist and 1 Manager, 1 cleaning staff (Shift timing Morning 10 am – 4 pm)

Shift 2 - Comprising of 12 members that include 6 waiters, 4 cooks, 1 Receptionist and 1 Manager. 1 cleaning staff (4 pm – 10 pm)

The table, sheets, and the room should be cleaned each and every day so that they look clean and tidy.

The cleaning staff should clean the toilet twice every day (Altinay, Paraskevas,  and Jang, 2015).

The receptionist should see that there is change in the billing counter.

The kitchen staff should see that the kitchen stays clean and all the materials are available or not. If there is a shortage of a particular material then it is to be made known to the manager.

The manager is responsible for the smooth functioning of the restaurant. It is the duty of the manager to solve any problem that may arise and also to see that each and every member carries out their respective duties properly (Ward, 2016).

Waiter should see that the customer are provided with best service possible as they play a great role as getting into direct contact with the customer. They need to provide swift services in the best possible way.

 


All the members should come one hour early to get the briefing of the day.

The restaurant wants to increase their sale by 10% so the waiter should try to up sell the products (Berthelsen et al, 2014).

Budget Information Plan - 1

Long term cost

Staff Salary: $ 20000

Food: $ 45000

Drinks: $ 50000

Supplies: $60000

Short Term Cost

Marketing/Advertising:

Communications: $ 30000

Professional Fees: $ 20000

Office Operations: $ 40000

Management Salaries/Wages and the Associated Benefits 

Overhead Cost

Electricity Bill: $ 60000

Telephone Bill: $50000

Cost of equipments

Mixer Grinder:  $10000

Juicer: $15000

Oven: $20000

Coffee Machine: $ 25000

Operational plan II for a Restaurant Business

There should be only one shift that is to be maintained the staff members should work from 10 am in the morning and till 10 pm in the right.

The briefings for all the members are to be done by the manager each and every day.

The cleaning staff will see that everything including kitchen is clean. Proper cleaning is to be done (Blay-Palmer and Knezevic, 2015).

 


It is the duty of the manager to see that all the duties are to be performed by the members.

Any problem that may arise by their respective person, who is responsible for that particular situation.

The kitchen staff should do the procurement for any kind of kitchen stock or raw materials.

The waiter should see that the ambience should be maintained properly.

Manager will not be responsible arising and any such problem is to be solved by the respectable person in relation to that particular work (Cokins, 2017).

The restaurant wants to establish itself as the best Chinese restaurant in the town as they have good chief for Chinese food. So more focus should be given on it

Budget Information Plan – 2

Fixed Cost

Rent: $100000

Salary of employees: $70000

Purchase of materials: $ 30000

Variable Cost

Purchase of equipment: $40000

Advertisement: $ 10000

Renovation: $ 15000

Miscellaneous Cost

Loss of items:  $5000

Wastages: $5000

Time cost

Waste of time: $ 5000

Ramifications of their budget modifications

To create a budget is very important as it gives us an idea about what are the total expenses that can be incurred. The budget may not exactly match with the reality but they give us a fair idea what amount of expenses will be faced by us. The budget is created by taking the previous year expenses keeping in mind. The expense that is incurred previous financial year gives us a fair idea about how much budget is to be calculated this year.

 


In order to modify a budget there are many factors that are needed to be considered. We need to consult the budget of the previous year and accordingly formulate the budget. It is hard to understand what are the factors that will play a role in the budget and what changes are to be made from the budget of the previous year (Dai et al, 2014).

Allocation of funds as outlined in the budget

Budgeting is a very sensitive thing, it is a calculated assumption, so we can’t be one hundred percent sure about the budget but we need to go as close as possible. Every year the amount of expenses changes and accordingly the changes are to be made in the budget. What are the factors that will change is hard to understand and predict. Through budgeting we try to go as near as possible to the exact expenses.

The Funds that is being allocated for a particular set of things are to be allotted accordingly keeping it as same as possible. If there is an extreme need to change the amount that is allotted in the budget is to be changed as minimal as possible. It is to be kept in mind that budget is a whole plan or framework upon which the business function of the whole financial year will be based and it is made keeping many factors in mind. So if we make massive change in the budget, in that case it may have negative effect on the business (Dewe, 2016).

Promote awareness of the importance of budget control and how to keep the colleagues and stakeholders informed of the budget

The stake holders are to be informed about the budget of the organization, so that they have a fair idea about the company’s act and so that they can act accordingly. This will help them aligning with the budget and they will also have an idea about how much the company is willing to invest on what and act accordingly (Trishkina, 2014).

 


The resources are to be divided under some categories according to their expenses. There are some resources upon which the expenses are regular in nature and there are some expenses which are not that frequent. There are also some expenses that happen in an organization which occurs at by-chance. These expenses are categorized and each category is then allotted with a budget and then this budget is divided amongst the expenses (Van der Wagen and Goonetilleke,2015)

Maintain all records of resource allocation

The budget built a frame work of how the company and its stake holders will function and this also gives a guideline of how far the company is willing to bend in terms of expenses and what are its limitation. Budgeting is a very important factor in terms of functioning of the company. Without the help of the budget it will be extremely difficult for the company and its stake holders to function. So the budget is to be given outmost respect and maintained strict as much as possible and if the rules are to be bend in that case it is to be seen whether it is good for the organization or no, so that there is no negative effect to the organization (Vincent et al , 2014).

 

References

Altinay, L., Paraskevas, A. and Jang, S.S., 2015. Planning research in hospitality and tourism. Routledge.

Berthelsen, R.M., Barkley, W.C., Oliver, P.M., McLymont, V. and Puckett, R., 2014. Academy of Nutrition and Dietetics: Revised 2014 standards of professional performance for registered dietitian nutritionists in management of food and nutrition systems. Journal of the Academy of Nutrition and Dietetics, 114(7), pp.1104-1112.

Blay-Palmer, A. and Knezevic, I., 2015. 22. Building sustainable communities through alternative food systems. Handbook on the Globalisation of Agriculture, p.446.

Cokins, G., 2017. Strategic business management: From planning to performance. John Wiley & Sons.

Dai, J., Jiang, W., Liu, G., Xu, J., Zhao, L. and Liu, A., 2014, June. Rating Aware Route Planning in Road Networks. In International Conference on Web-Age Information Management (pp. 223-235). Springer, Cham.

Dewe, M., 2016. Planning public library buildings: Concepts and issues for the librarian. Routledge.

Trishkina, O., 2014. Marketing plan for company X.

Van der Wagen, L. and Goonetilleke, A., 2015. Hospitality Management, Strategy and Operations. Pearson Higher Education AU.

Vincent, K., Dougill, A.J., Dixon, J., Stringer, L.C., Cull, T., Mkwambisi, D.D. and Chanika, D., 2014. Actual and potential weather and climate information needs for development planning in Malawi: Results of a Future Climate for Africa pilot case study. Future climate for Africa pilot case studies. Retrieved from https://cdkn. org/resource/climate-information-decision-making-malawi.

Ward, J., 2016. Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Prepare And Monitor Budget. Retrieved from https://myassignmenthelp.com/free-samples/prepare-and-monitor-budget.

"Prepare And Monitor Budget." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/prepare-and-monitor-budget.

My Assignment Help (2018) Prepare And Monitor Budget [Online]. Available from: https://myassignmenthelp.com/free-samples/prepare-and-monitor-budget
[Accessed 20 January 2020].

My Assignment Help. 'Prepare And Monitor Budget' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/prepare-and-monitor-budget> accessed 20 January 2020.

My Assignment Help. Prepare And Monitor Budget [Internet]. My Assignment Help. 2018 [cited 20 January 2020]. Available from: https://myassignmenthelp.com/free-samples/prepare-and-monitor-budget.


At MyAssignmenthelp.com, we are committed to deliver quality assignment assistance in the fastest way possible. To make our service delivery fast, we have hired subject matter experts to work on different subject specific assignments. We have hired experts who owe in-depth knowledge in their respective subjects. As per their expertise, they provide geography assignment help, Physics assignment help, Strategic assignment help, history assignment help, art architecture assignment help and assistance with other subjects as well.

Latest Accounting Samples

BMIA5103 Investment Analysis Capital Budgeting

Download : 0 | Pages : 10

Answer: Answer to Question 1 In the given news article of CNBC, the indicators refers to the mechanism or tool that helps in the reduction of trends of finance or trends. For instance it can be said that economic or social statistics that is published by accredited sources like the departments of the government of U.S. the most commonly used indicators are rate of unemployment, inflationary indexes and confidence of customer.   The dif...

Read More arrow

ACT305 Corporate Accounting System

Download : 0 | Pages : 8
  • Course Code: ACT305
  • University: Charles Darwin University
  • Country: Australia

Answer: In Response to Question 1 The consolidated financial statements were prepared to account for the Small Ltd interest ad buyout in the Fry Ltd joint venture agreement (Cassar, Ittner and Cavalluzzo 2015). The inter corporate investment was classified as Investment in Associates and the same will be accounted by the company through fair value through profit and loss where the small ltd would report any kind of share of income, share...

Read More arrow

ACC200 Introduction To Management Accounting12

Download : 0 | Pages : 11

Answer: Introduction The management of an organisation is entrusted with the one of the most important parts of decision making which is product costing. Determining the cost of a product is one of the most complicated tasks. It is important that decision be taken taking into considerations all the factors. Taking a wrong step might end up affecting the financial viability of the whole organisation. (Atkinson, 2012) The company, Beztec ...

Read More arrow

ACC702-Remuneration Structures Of Two ASX Listed Organisations

Download : 0 | Pages : 5
  • Course Code: ACC702
  • University: Charles Sturt University
  • Country: Australia

Answer: Background: After critical evaluation of the remuneration structure of Reliance Worldwide, it has been compared with one of its competitors in the Australian market. Therefore, the organisation selected as its competitor is Alcidion Group Limited, which is involved in selling clinical dashboards and other health services related software in Australia and New Zealand (Alcidion.com, 2018).  The remuneration report of Alcidion Group...

Read More arrow

BA204 Financial Accounting And Guidelines

Download : 0 | Pages : 5

Answer: PART A The solution is submitted in excel file. PART B The body of correlated goals and principles are called as Conceptual framework. It means goals identifies the objectives and the resolution of financial reporting whereas principles are primary concepts that supports in achieving goals and purposes (Deloitte, 2018). These concepts help in selecting the transactions, events or circumstances which requires accounting and also prov...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,181,129

Orders

4.9/5

Overall Rating

5,056

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2109 Order Completed

99% Response Time

Emma Zhong

Ph.D in Project Management with Specialization in Project Communications Management

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

The essay was very detailed and written with proper English and grammar. Spacing wise for the essays were neat as well. The only thing missing at the start was just the citations.

flag

User Id: 362395 - 20 Jan 2020

Australia

student rating student rating student rating student rating student rating

The assignment was done within the deadline, even a day before. The quality of work was very good and well organized to the point. The assignment was organized in the way I have requested and so gt full marks. Thank you team

flag

User Id: 299002 - 20 Jan 2020

Australia

student rating student rating student rating student rating student rating

good very nice he quality you need to score well in your studies. We have writers in every discipline of study and will get your work completed within the shortest deadline. Use an essay writing service that is affordable and easily accessible, and t...

flag

User Id: 332508 - 20 Jan 2020

Australia

student rating student rating student rating student rating student rating

It was a great paper that allowed me to score well. Kudos to the assigned as it allowed me to trust the website to submit more papers

flag

User Id: 142709 - 20 Jan 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?