ou are serving flank steak for an event and need 200 6-oz. servings. You get samples and do yield tests. Show all calculations! After testing you find that: Vendor A Flank Steak costs $6.00 per pound. 4 pounds- trim loss of 1.5 pounds Vendor B Flank Steak costs $7.25 per pound. 4 pounds -trim loss of 1 pound. Determine what will the serving price of the flank steak be if your food cost target is 33%?
ou are serving flank steak for an event and need 200 6-oz. servings. You get samples and do yield tests. Show all calculations! After testing you find that: Vendor A Flank Steak costs $6.00 per pound. 4 pounds- trim loss of 1.5 pounds Vendor B Flank Steak costs $7.25 per pound. 4 pounds -trim loss of 1 pound. Determine what will the serving price of the flank steak be if your food cost target is 33%?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You are serving flank steak for an event and need 200 6-oz. servings. You get samples and do yield tests. Show all calculations! After testing you find that: Vendor A Flank Steak costs $6.00 per pound. 4 pounds- trim loss of 1.5 pounds Vendor B Flank Steak costs $7.25 per pound. 4 pounds -trim loss of 1 pound.
Determine what will the serving price of the flank steak be if your food cost target is 33%?
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