Bill owns Bill's Burger Barn, and he offers three different combo meals. These are the Hamburger combo, Bacon Cheeseburger combo, and Chicken Sandwich combo. Help Bill calculate the food cost percentage and the CM for each of his combo meals and then answer the questions that follow

PLEASE ANSWER DETAILED WITH FORMULA IF POSSIBLE

Selling Price Number Sold Item Cost Total Cost Food Cost % Total Sales 3 4 $7.99 200 5 Combo 1 Hamburger Combo Items Hamburger French fries (large) Soft drink (16 oz.) 6 200 $1.50 7 200 $0.38 8 200 $0.20 9 Total 10 Contribution margin per sale 11 12 Selling Price Number Sold Item Cost Total Cost Food Cost% Total Sales 13 14 Combo 2 Bacon cheeseburger Combo Items $8.99 160 15 16 160 $2.05 17 Bacon cheeseburger Onion rings Soft drink (16 oz.) 160 $0.59 18 160 $0.20 19 Total 20 Contribution margin per sale 22 Selling Price Number Sold Item Cost Total Cost Food Cost% Total Sales 23 Combo 3 24 Chicken sandwich $6.99 75 25 Combo Items 26 Chicken sandwich 75 $1.15 27 French fries (large) 75 $0.38 28 Soft drink (16 oz.) 75 $0.20 29 Total 30 Contribution margin per sale 31 32 Which combo meal has the lowest food cost percentage? Which combo meal generates the largest CM per 33 sale? 34 Answer: 35 36 37 38 39