Financial Aid Student Accounts Resources Campus Store c. $8,550 d. $9,280 Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant. Throughout the week he purchases: $457 produce, • $632 protein, $356 dry goods, and $147 dairy. The following Thursday he does ending inventory and finds that he has $1643 in food, He looks at his sales and finds that he made $5546 over the same 7 day period. What is his food cost as a percentage of sales (food cost percentage)? Select one: a. 54.96% b. 28.70% c. 55.88% d. 25.33% What is your contribution margin?

Financial Aid Student Accounts Resources Campus Store c. $8,550 d. $9,280 Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant. Throughout the week he purchases: $457 produce, • $632 protein, $356 dry goods, and $147 dairy. The following Thursday he does ending inventory and finds that he has $1643 in food, He looks at his sales and finds that he made $5546 over the same 7 day period. What is his food cost as a percentage of sales (food cost percentage)? Select one: a. 54.96% b. 28.70% c. 55.88% d. 25.33% What is your contribution margin?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Chef Amy does beginning inventory on Thursday night and finds that she has $4194 in food products in the restaurant. Throughout the week answered she purchases: out of 1.00 $2088 produce, question • $1678 protein, • $870 dry goods, and • $3914 dairy. The following Thursday she does ending inventory and finds that she has $3464 in food. She looks at her sales and finds that she made $30541 over the same 7 day period. What is her total food cost? Select one: a. $12,744 b. $16,208 C. $9,280 d. $8,550
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Subject: acounting
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