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Mandy Moore is a restaurant manager, who works in Sleepy Owl Pub in Port Moody. She explains to her newly hired chef, William Guilford, that
Mandy Moore is a restaurant manager, who works in Sleepy Owl Pub in Port Moody. She explains to her newly hired chef, William Guilford, that to calculate the food or beverage items selling price he can use one of the following methods: the product cost percentage, contribution margin, or the product cost plus. The calculation methods, Mandy says, are different, but one element is used in all these formulas. Which one? a Contribution margin b Cost of food c Food cost percentage d Prime cost
Mandy Moore is a restaurant manager, who works in Sleepy Owl Pub in Port Moody. She explains to her newly hired chef, William Guilford, that to calculate the food or beverage items selling price he can use one of the following methods: the product cost percentage, contribution margin, or the product cost plus. The calculation methods, Mandy says, are different, but one element is used in all these formulas. Which one?
a
Contribution margin
b
Cost of food
c
Food cost percentage
d
Prime cost
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ISE Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W. Hilton, David Platt
13th Edition
1265046794, 9781265046798
