Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Conduct a menu analysis for the appetizers section of the menu in the chart below. Menu Item Number Sold Item Sales Price Item Food Cost
- Conduct a menu analysis for the appetizers section of the menu in the chart below.
| Menu Item | Number Sold | Item Sales Price | Item Food Cost | Item CM | Menu CM | Popular (H/L) | Profitable (H/L | ||||
| Soup | 40 | $3.50 | $0.88 | 3.50-0.88= 2.62 | 40*262= 104.80 | L | L | ||||
| House Salad | 92 | $4.95 | $1.97 | 4.95-1.97=2.98 | 92*2.98=274.16 | H | L | ||||
| Potato Skins | 34 | $5.75 | $1.13 | 5.57-1.13=4.62 | 34*4.62=314.64 | L | H | ||||
| Shrimp | 69 | $7.50 | $2.94 | 7.50-2.94=4.56 | 69*4.56=314.64 | H | L | ||||
| Total | 235 | ||||||||||
| Avg. Number of Items Sold | 58.75 | ||||||||||
| Popularity Benchmark | 41.125 | ||||||||||
| Average Weighted CM | 3.62 | ||||||||||
- Using the table below, calculate the menu mix percent data and the number of each dish likely to sell based on a forecast of 482 guests, if only 71% of guests order appetizers
| Menu Item | Number Sold | Menu Mix % | Forecast (only 342 buy apps.) |
| Soup | 40 | 17.02% | 83 |
| House Salad | 92 | 39.15% | 189 |
| Potato Skins | 34 | 14.47% | 70 |
| Shrimp | 69 | 29.36% | 142 |
| Total | 40+92+34+69=235 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Plus
Authors: Robert Libby, Patricia Libby, Daniel Short
8th Edition
1259116832, 9781259116834
