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A fast food restaurant features only three (3) entre items on its menu with the following cost and selling prices: (a) (b) (c) Item

A fast food restaurant features only three (3) entre items on its menu with the following cost and selling prices: (a) (b) (c) Item 1 2 3 Cost (RM) 2.20 3.25 3.75 Selling Price (RM) 6.80 8.80 9.85 Calculate the food cost percentage for each item. If 50 of each item are sold every day, what will the standard food cost percentage be? What is the contribution margin in RM? If only 20 each of Items 1 and 3 sold, and 100 of Item 2, what is the contribution margin in RM? (20 marks)

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