This week there is one (1) assigned discussions board.

1. You are required to make one post for each of the assigned topics for each week. Your post should add value to the discussion and if possible be substantiated with references (properly cited). I agree, good point, etc will not be considered for grading.

2. You are also required to make one post in reply to another posting that helps advance the online conversation for each topic. This post is your chance to be more interactive with your fellow students. Feel free to pose a questions to the group or an individual poster, start a debate or proffer a theory.

Fulfilling requirements 1 and 2 satisfactorily qualifies you for a grade of 75%. Students who exceed the requirements or make outstanding contributions can expect a better grade.

Question #1

Complete Question P5.10 A - C on page 240

Once you have posted your answer, discuss question D with your peers and assist each other in reviewing the data.

(Be sure to provide a working link or an example of what you are discussing).

P5.10 A fast-food restaurant features only three entree items on its menu with the following cost and selling prices: Item Cost Selling Price 1 2 3 $2.20 3.25 3.75 $6.80 8.80 9.85 a. For each item calculate the food cost percentage. b. If 50 of each item are sold each day, what will the standard food cost percentage be? What is the contribution margin in dollars? c. If only 25 each of Items 1 and 3 sold and 100 of Item 2, what effect will this have on the standard cost percentage? What is the contribu- tion margin in dollars? d. Comment on the results of this analysis