Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

1-What is standard food cost percentage? 2-What is the actual food cost percentage? 3-cogs? 4-Average check? 5-what is sales mix/product mix/ popularity mix/ Menu mix

image text in transcribed

1-What is standard food cost percentage?

2-What is the actual food cost percentage?

3-cogs?

4-Average check?

5-what is sales mix/product mix/ popularity mix/ Menu mix for Chicken?

6-what is sales mix/product mix/ popularity mix/ Menu mix for steak?

7-potential savings?

Number Item Selling Item Sold Cost Price Prime Rib 1.300 $3.96 $11.50 Chicken 1,775 $2.75 $9.95 Steak 500 $3.63 $10.95 Ribs 800 $2.32 $11.95 Opening Inventory $ 8,785 Purchases $13,128 Transfers to bar $ 998 Ending Inventory $ 8,933

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Financial and Managerial Accounting

Authors: Rich Jones, Mowen, Hansen, Heitger

1st Edition

9780538751292, 324787359, 538751290, 978-0324787351

More Books

Students also viewed these Accounting questions

Question

3. Suppose that marginal product tripled while product price fell by one-half in the table in Figure 10.1 . What would be the new MRP values in the table? What would be the net impact on the location...

Answered: 1 week ago

Question

★★★★★

Projects that span more than one year or cut across the date of corporate salary increases may require the use of forward-pricing rates. Forward-pricing rates are determined from economic data,...

Answered: 1 week ago

Question

★★★★★

1-What is standard food cost percentage? 2-What is the actual food cost percentage? 3-cogs? 4-Average check? 5-what is sales mix/product mix/ popularity mix/ Menu mix for Chicken? 6-what is sales...

Answered: 1 week ago

Question

★★★★★

The equilibrium constant, K, for the following reaction is 2.26x102 at 516 K. PCI(g)=PCH(g) + Ch() An equilibrium mixture of the three gases in a 5.99 L container at 516 K contains 0.239 M PCI....

Answered: 1 week ago

Question

★★★★★

A sales budget for the first five months of 2021 is given on a certain product line manufactured by Boots Styles, Inc. January February March April May Sales budget in units 157,000 162,000 204,000...

Answered: 1 week ago

Question

★★★★★

1 Your employer is opening a new location, and the IT director has assigned you the task of calculating subnets for the new network. You've determined that you need 50 subnets for the class B network...

Answered: 1 week ago

Question

★★★★★

Five years ago, David borrowed $300,000 to purchase a house in Sandy Lake. At the time, the quoted rate on the mortgage was 8 percent, the amortization period was 25 years, the term was 5 years, and...

Answered: 1 week ago

Question

★★★★★

Great Nuggets finds that there is a clear gender difference in the demand for their chocolates. Men have very little price sensitivity and tend to buy whatever the sales clerk recommends. Women, on...

Answered: 1 week ago

Question

★★★★★

In problems 4 and 5, evaluate the integral using a table of integrals. Indicate which formula dx 1 4. .dx 5. x(x+16) you use.

Answered: 1 week ago

Question

★★★★★

7. What is the Consumer Price Index (CPI) and how is it determined each month? How does the Bureau of Labor Statistics calculate the rate of inflation from one year to the next? What effect does...

Answered: 1 week ago

Question

★★★★★

6. Because the United States has an unemployment compensation program that provides income for those out of work, why should we worry about unemployment? LO29.2

Answered: 1 week ago

Question

★★★★★

1. What are the four phases of the business cycle? How long do business cycles last? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods...

Answered: 1 week ago

Previous Question Next Question