What is the mathematical relationship between selling price, food cost %, and contribution margin ? a. Selling
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What is the mathematical relationship between selling price, food cost %, and contribution margin?
a. Selling price x (1.00 – Food Cost %) = contribution margin
b. Selling price ÷ (1.00 – Food Cost %) = contribution margin
c. Selling price x (1.00 + Food Cost %) = contribution margin
d. Selling price / (1.00 + Food Cost %) = contribution margin
Contribution MarginContribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Ali Khawaja
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Related Book For 
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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