1. Jim had a beginning inventory of $8,750. During the month of April he purchased $3,800 of food and had an ending inventory of $5,500 at the end of the month. His sales for April were $40,000 and the total meals served for the month was 3200. What was his Cost per meal?

a. 2.20

b. 0.99

c. 7125

d. 7050

e. 18

2. Sarah Michaels wants to evaluate her operation's efficiency by calculating the number of labor minutes per meal. Data from the previous week indicate that she served 7,500 meals. Her timecards indicated that employees worked a total of 625 hours for the week. What were the labor minutes per meal for Sarah's operation?

a. .08

b. 5

c. 12

d. 15

3. What is the As Purchased Cost per pound if the Edible Portion Cost is $5.00 per pound and the yield factor is 75%

a. $3.75 /lb

b. $5.00 /lb

c. $6.66 /lb

d. 3.75 lb

4. What is the Edible Portion Cost per pound if the As Purchased Cost is $5.00 per pound and the yield factor is 75%?

a. $3.75 /lb

b. 6.67 lb

c. $6.67 /lb

d. 3.75 lb

5. What is the As Purchased Costif the Edible Portion Quantity is 80#, the yield % is 60% and the Edible PortionCost is 3.27?

a. 75#

b. 133#

c. 75%

d. 48#

e. 5.45

f. 1.96