Yield Final test Preparation 1 empty

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George Brown College Canada *

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247

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Economics

Date

Jan 9, 2024

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docx

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4

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Final Test Preparation I Yield calculations: Please use the following Information to answer the accompanying questions: You are the Pastry chef, and you are ordering Golden delicious apples, with which you will have to prepare Alsatian apple pie. Please read the following information carefully: 1.500kg of apples per pie 1 pie serves 10 portions Cost per lbs of apples $1.95 1 case = 36 lbs Loss: 20% 1lbs: 454g 1. What is the Yield adjusted cost for 1 lbs of apples? 2. What is the E.P. cost for the apples only, for one pie? 3. How many A.P. apples do you need for one pie? 4. How many apples (AP) will you need to buy for 500 portions of Alsatian apple pie? 5. What is the cost for the apples, for 500 portions of apple pie?
6. How many case of apples will have to be purchased for the event? Rib yield: Please read the following information carefully: One Prime rib weighs A.P. 9.500 kg. The A.P. Cost is $ 12.50 per kg. The Loss percentage is 31%. Average weight per Prime rib = 9.350kg 7. What is the E.P. weight? 8. Using the information from the previous question, what is the cost for 1 kg E.P. Prime rib? 9. What is the food cost for a 230g portion of perfectly cooked, ready to serve Prime rib? 10. How many kg of P.R. will you have to order for a banquet of 500 guests? 11. How many 8 oz portion can you serve with the prime rib from question # 7?
12. How many pieces of Prime rib will you have to purchase for the event of 500? Selling Price Calculation Methods 10. Using the Percentage Pricing Method, what is the selling price for one portion of Prime rib from the previous questions, if the food cost percentage is 28.70%? 11. Using the factor Method and a 29.30% food cost%, the selling price for one portion of Prime rib (from question # 7) is: 12. What would the Selling Price be, using the Prime Cost Pricing Method and the following information? Food cost $ 7.90, Labour cost 15%, Hourly wage $18.50, Preparation time 20 minutes, Food Cost Percentage 28% 13. If Total Sales were $2,449,100.00, C.O.G.S was $669,100.00, and 261,500 Customers were served, Average Gross Profit should be: 14. Applying the gross profit pricing method, and using the information from the previous Question, what would the Selling Price be, if the Item’s food cost is $ 5.80?
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