Question
Yellow Rose Package $29.95 White Rose Package $39.95 Golden Rose Package $49.95 The Golden Rose Packages Yellow Rose Package White Rose Package Golden Rose Package
Yellow Rose Package | $29.95 | ||||||
White Rose Package | $39.95 | ||||||
Golden Rose Package | $49.95 | ||||||
The Golden Rose Packages | |||||||
Yellow Rose Package | White Rose Package | Golden Rose Package | |||||
Item | Cost ($) | Item | Cost ($) | Item | Cost ($) | ||
Appetizer | Minestrone | 1.25 | Onion Soup | 1.70 | Crab Cake | 2.25 | |
Entre | Roast Chicken | 2.25 | Braised Beef Ribs | 4.25 | Filet Mignon | 6.50 | |
Side | Yellow Rice | 0.25 | Roasted Redskins | 0.65 | Duchesse Potatoes | 0.75 | |
Side | Steamed Broccoli | 0.50 | Bacon Green Beans | 0.75 | Barnaise Asparagus | 0.95 | |
Bread | Dinner Rolls | 1.00 | Basil Loaf | 1.25 | French Loaf | 1.55 | |
Dessert | White Cake | 0.75 | Almond Torte | 1.25 | Poached Pears | 1.85 | |
Beverage | Coffee/Tea | 1.25 | Coffee/Tea | 1.25 | Coffee/ Tea/ House Wine | 4.40 | |
Per guest | Total Food Cost | ? | Total Food Cost | ? | Total Food Cost | ? | |
Per guest | Contribution Margin | Contribution Margin | Contribution Margin | ||||
? | ? | ? | |||||
Package | Number Sold | Total Food Cost ($) | Food Cost % | Total Package Contribution Margin ($) | Revenue ($) | ||
Yellow Rose | 350 | ? | ? | ? | ? | ||
White Rose | 400 | ? | ? | ? | ? | ||
Golden Rose | 700 | ? | ? | ? | ? | ||
Total | ? | ? | ? | ? | |||
| |||||||
a. What was Larrys weighted average per guest sale (check average)? Answer:
b. What was Larrys overall food cost percentage? Answer:
c. What was Larrys weighted average per guest contribution margin? Answer:
d. Assume you were asked to give input on pricing the menu? What is more important, gross margin or cost of the food? (or are they equally important?) Why?
e. Are their too many options in the packages being offered? Why or why not? Why would a reception hall offer a variety of 'packages'? | |||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started