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Use the following information to find the Standard food cost percentage, The actual food cost percentage, the actual COGS, the average check, the sales
Use the following information to find the Standard food cost percentage, The actual food cost percentage, the actual COGS, the average check, the sales mix/product mix/popularity index/menu mix for the chicken and for the steak, and notify the potential savings? Item Number Sold Item Selling Cost Price Prime Rib 1,300 $3.96 $11.50 Chicken 1,775 $2.75 $9.95 Steak 500 $3.63 $10.95 Ribs 800 $2.32 $11.95 Opening Inventory $ 8,785 Purchases $13,128 Transfers to bar $ 998 Ending Inventory $ 8,933
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