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Jake Hess desires your assistance on pricing menu items using the ingredient markup approach. The ingredient costs of a steak dinner are as follows: (5
- Jake Hess desires your assistance on pricing menu items using the ingredient markup approach. The ingredient costs of a steak dinner are as follows: (5 points)
- Assume a 25% food cost is desired. What should be the price of a steak dinner? (3 points)
- Assume a multiple of six; what is the target price of the steak dinner if the prime ingredient approach is used? (2 points)
- Assume a 25% food cost is desired. What should be the price of a steak dinner? (3 points)
- Assume a multiple of six; what is the target price of the steak dinner if the prime ingredient approach is used? (2 points)
| Steak (main ingredient) | $7.50 | |
| Potato | $0.75 | |
| Peas | $0.65 | |
| Mushroom Sauce | $0.75 | |
| Steamed Vegetable | $1.68 | |
| Salt Table | $0.01 |
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
