Question
Melissa operates a takeout cookie store in the mall. Business is good, and guests seem to enjoy the products. Her employees, mostly young teens, are
Melissa operates a takeout cookie store in the mall. Business is good, and guests seem to enjoy the products. Her employees, mostly young teens, are a problem because they seem to like the products also. Melissa takes a physical inventory on a weekly basis. This week, her total cost of goods sold figure was $897.58. Melissa has determined that this week she will also compute her attainable food cost and her operational efficiency ratio. Help Melissa by completing the following information using the attainable food cost form.
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Attainable Food Cost | |||||
Unit Name: | Nancy's | ||||
Date Prepared: | 1/22 | Time Period: | 1/15 to 1/21 | ||
Prepared By: | S.L. | ||||
Item | Number Sold in Dozens | Cost per Dozen | Total Cost | Menu Price per Dozen | Total Sales |
Chocolate chip | 89 | $1.32 | $3.45 | ||
Macadamia | 62 | $1.80 | $4.19 | ||
Coconut chip | 73 | $0.92 | $2.95 | ||
Fudge | 148 | $1.42 | $3.85 | ||
M & M | 69 | $1.39 | $3.65 | ||
Soft drinks | 307 | $0.16 | $0.85 | ||
Coffee | 160 | $0.11 | $0.84 | ||
Attainable product cost | |||||
Actual product cost: | |||||
Attainable product cost: | |||||
Operational efficiency ratio: | Round to 2 decimal positions | ||||
Attainable food cost %: | . | Round to 1 decimal position | |||
After completing the form, give Nancy five suggestions to keep her employees from eating all of her profits. | |||||
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