Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BASED ON GRAPHS ABOVE ANSWER THESE QUESTIONS 1- Assuming the hurdle rate is 70%, what is the acceptable level of popularity for Emrie's menu? A-

image text in transcribedimage text in transcribedBASED ON GRAPHS ABOVE ANSWER THESE QUESTIONS

1- Assuming the hurdle rate is 70%, what is the acceptable level of popularity for Emrie's menu?

A- 28

B- 40

C- 32

D- 38

2- What is the average contribution margin for these menu items?

A- $11.26

B- $444.06

C- $11.50

D- $12.35

3- Based off the menu engineering analysis, which item would you recommend to Emrie to remove from the menu?

A- Open-Faced Roast Beef Sandwich

B- Buffalo Chicken Mac-N-Cheese

C- Strip Steak

D- Fish & Chips

4- Which menu item would you relocate on the menu to increase its popularity?

A- Open-Faced Roast Beef Sandwich

B- Strip Steak

C- Buffalo Chicken Mac-N-Cheese

D- Fish & Chips

Now that Emrie has her labor under control at the State College Steak House she wants to make sure her menu is as profitable as it can be. Complete the Menu Analysis charts to answer the following four questions. Item Total Menu Item # Sold Selling Price Total Sales Item CM Total CM Cost Cost Fish & 10 $14.00 $5.75 Chips Strip Steak 75 $22.00 $10.95 Buff Chx Mac-n- 50 $18.00 $5.95 Total Menu Item # Sold Selling Price Total Sales Item Cost Item CM Total CM Cost Fish & Chips 10 $14.00 $5.75 Strip Steak 75 $22.00 $10.95 Buff Chx 50 $18.00 $5.95 Mac-n- Cheese Open Faced Roast Beef Sandwich 25 $17.00 $5.50 Total Weighted Average

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

More Books

Students also viewed these Finance questions