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2. Calculate the minimum menu item price using the gross profit approach lAnnual revenue = $750,000 lAnnual cost of goods sold = 32% lStandard food
2. Calculate the minimum menu item price using the gross profit approach
lAnnual revenue = $750,000
lAnnual cost of goods sold = 32%
lStandard food cost per item = $5.50
lAnnual customer count = 235,250
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
