Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Menu ItemShrimpOystersFriesSlidersSoupSaladTotal | Average Number ofEach Item SoldPopularity BenchmarkAverage VWeightedCMNumber Sold 1 , 3 9 9 6 4 9 1 , 6 5 2 2

Menu ItemShrimpOystersFriesSlidersSoupSaladTotal|Average Number ofEach Item SoldPopularity BenchmarkAverage VWeightedCMNumber Sold1,3996491,6522,0261,822976Item Sales Price Item Food Cost Margin$2.37$8.00$9.00$5.00$9.00$6.00$7.00$3.02$0.78$1.90$0.67$1.53Contribution(HIL)y (HIL)Item Contribution = Item Sales Price -Item Food (or beverage)Menu Contribution = Item Contribution Margin X Number Sold (forAverage number of each item sold / by number of offerings soldPopularity Benchmark-average number of items sold x .70Average Weighted CM-Total menu contribution / Total number ofPopularity depends if the number sold is higher than the popularity benchamark. all information should be right there
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Government Contracts Audits And Compliance

Authors: Gregory A. Garrett

1st Edition

0808023926, 978-0808023920

More Books

Students also viewed these Accounting questions

Question

Persuasive Speaking Organizing Patterns in Persuasive Speaking?

Answered: 1 week ago