Question
In examining the standard costs for straight drinks, you notice that Niagara's records reflect prices from 2015. Calculate current costs given the following information. Remember
In examining the standard costs for straight drinks, you notice that Niagara's records reflect prices from 2015.
Calculate current costs given the following information.
Remember there are 33.8 oz per Litre
Round all of your answers to 2 decimal places. Do not use $ signs.
Bottle Size Bottle Cost Drink Size (oz) Standard Cost Dewar's 750 ml $ 16.50 1.25 $ Nessie's 1 Litre $ 15.00 1.5 $ Grant's 750 ml $ 13.75 1.5 $ Bell's 750 ml $ 12.75 1.5 $ Teacher's 1 Litre $ 16.50 1.25 $
Based on what you have calculated above, how should each drink be priced given the desired cost of sales for each item?
Desired Cost of Sales Drink Price Dewar's 18% $ Nessie's 17% $ Grant's 20% $ Bell's 20% $ Teacher's 18% $
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