Question 12 pts

An operation uses the food cost percentage method to determine the selling price of menu items. If the desired food cost percentage is 30% and the food cost is $5.25, what is the selling price for the item?

Flag question: Question 2Question 22 pts

An operation buys flour by the 50-pound bag. Each bag costs $34.55. What is the price per pound?

Group of answer choices

$5.00

$0.70

$3.45

$1.45

Flag question: Question 3Question 32 pts

A menu item that has a good profit margin but is infrequently selected by customers is a(n) _____.

Group of answer choices

plow horse

puzzle

star

dog

Flag question: Question 4Question 42 pts

On a two-panel menu, where should the most profitable items be placed?

Group of answer choices

At the top right

At the bottom left

At the bottom right

At the top left

Flag question: Question 5Question 52 pts

An operation uses the prime cost method to determine the selling price of menu items. If the prime cost of a menu item is $5.76 and the prime cost percentage is 40%, what is the selling price for the item?

Flag question: Question 6Question 62 pts

An operation uses the contribution margin method to determine the selling price of menu items. If the product cost of a menu item is $3.50 and the desired contribution margin amount is $2.50, what is the selling price for the item?

Flag question: Question 7Question 72 pts

A written description of the requirements a product must have to be considered for purchase is a(n) _____.

Group of answer choices

recipe

bid

menu description

specification

Flag question: Question 8Question 82 pts

The number of times an operation's inventory has been sold and replaced in a given period of time is called ____.

Group of answer choices

inventory turnover

purchase volume

beginning inventory value

ending inventory value

Flag question: Question 9Question 92 pts

Labor cost includes payroll cost plus the costs of employee benefits and payroll taxes.

Group of answer choices

True

False

Flag question: Question 10Question 102 pts

If an operation had $40,000 in sales and $12,000 for cost of food sold in June, what is the food cost percentage?

Group of answer choices

20%

30%

10%

40%