Question
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 |
|
|
|
| ||||
House Salad | 92 | $4.95 | $1.97 |
|
|
|
| ||||
Potato Skins | 34 | $5.75 | $1.13 |
|
|
|
| ||||
Shrimp | 69 | $7.50 | $2.94 |
|
|
|
| ||||
Total | 235 |
|
|
|
|
|
| ||||
Avg. Number of Items Sold |
| ||||||||||
Popularity Benchmark |
| ||||||||||
Average Weighted CM |
| ||||||||||
- 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 |
|
|
House Salad | 92 |
|
|
Potato Skins | 34 |
|
|
Shrimp | 69 |
|
|
Total |
|
|
|
Step by Step Solution
3.47 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
Menu Analysis Appetizer Section with StepbyStep Calculations Step 1 Calculate Contribution Margin CM ...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 StartedRecommended Textbook for
Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App