Question
1. In each of the following cases, determine selling price for 1 portion of a recepie yielding 30 portions, when the standard recipe cost and
| 1. In each of the following cases, determine selling price for 1 portion of a recepie yielding 30 portions, when the standard recipe cost and desired cost-to-sales ratio are as indicated in the following table: | ||||
| Recipe cost | Cost percent | Selling Price | ||
| a. | $55.25 | 30% |
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| b. | $22.58 | 18% |
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| c. | $124.50 | 45% |
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| d. | $105.00 | 21% |
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| e. | $12.60 | 40% |
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2. Using the form illustrated in Figure 6.3, complete butcher test calculations on a beef tenderloin. U.S. Choice, from the following information: | ||||||||||||||||||
| Weight as purchased: | 8 lbs 8 oz | |||||||||||||||||
| Dealer price (per lb) | $4.190 | |||||||||||||||||
| Portion size for Filet Mignon (oz) | 8 | |||||||||||||||||
| Breakdown: | ||||||||||||||||||
| Fat | 4 lbs 12 oz | |||||||||||||||||
| Fat value per lb | $0.000 | |||||||||||||||||
| Tidbits | 12 oz | |||||||||||||||||
| Tidbits value per lb | $2.490 | |||||||||||||||||
| Filet Mignon | 3 lbs 0 oz | |||||||||||||||||
| Butcher Test Card | ||||||||||||||||||
| Item: | Beef Tenderloin | Grade | U.S. Choice | Date | 10.20.2015 | |||||||||||||
| Pieces | 1 | Weighing | 8.5 | Average Weight | ||||||||||||||
| Total Cost | $35.62 | At | $4.19 | Supplier | XYZ Meat Co. | |||||||||||||
| Breakdown | No. | Weight | Ratio to | Value Per | Total | Cost of Each Usable | Portion | Portion | Cost Factor Per | |||||||||
| lbs | oz | Total Weight | Pound | Value | Lb. | Oz. | Size (oz) | Cost | Lb. | Portion | ||||||||
| Fat |
| 55.88% |
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| Loss in Cutting |
| 0.00% |
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| Tip Meat |
| 8.82% |
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| Usable Meat |
| 35.29% |
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| Total |
| 100.00% |
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3. Using cost factors derived from the butcher test in Question 2, determine: |
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| a. Cost of the 8 ounce portion if the dealer increases the price for beef tenderloin to $4.49 per pound. |
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| Price |
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| Cost factor per lb |
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| Portion size (oz) |
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| Cost per portion |
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| b. Cost of each usable pound at the $4.49 dealer price |
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| Price |
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| Cost factor per lb |
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| Cost per lb |
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| c. Cost of a 6-ounce portion at the $4.49 dealer price |
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| Price |
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| Cost factor per lb |
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| Portion size (oz) |
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| Cost per portion |
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