Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below I've linked a goal analysis for a restaurant. The average variable cost is 35% for what she sells off her menu. Using last weeks

Below I've linked a goal analysis for a restaurant. The average variable cost is 35% for what she sells off her menu. Using last weeks data, I need help with finding the goal value for each item.

image text in transcribed BEF2Sissy's Quick Wok4\ItemFood Cost %| Number Sold| Selling Price| Variable Cost %| Goal Value*Beef and5\broccoli0 . 257734.990. 35GeneralTao's0 . 205404.990 . 359\chickenVegetable*stir - fry0 . 114404.490 . 35Coconutshrimp0 . 244855.990 . 35OverallMenu0. 254455.500. 355GoalsSweet and10\Sour pork0 . 183213.990. 35Three- item0. 41310\combo6.990. 3511| [12| Asian ribs0 . 301455. 990. 3513142 . Using this type analysis , which item would be considered Sissy's most profitable item ?"15Answer :1617b . What is the primary cause of that item's high goal value ?"Answer :`1819C . Using this type analysis , which item would be considered Sissy's least profitable item ?*20Answer :`2122J . What is the primary cause of that item's lower goal value ?23Answer :24E . Based on the results of the goal value analysis , identify specific actions you would25recommend Sissy take to improve the profitability of her menu items that do not meet26her goals .27Answer :

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

Managerial Accounting for Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

4th edition

1259578542, 978-1259578540

More Books

Students also viewed these Accounting questions

Question

2. Have enough shelves so that materials need not be stacked.

Answered: 1 week ago

Question

What is the importance of a business ecosystem?

Answered: 1 week ago