Sales data for Get Food Now's best-selling menu itemsNote: Seafood Supreme launched in AprilSales Revenue ($)Menu ItemAverage Price ($)Average Cost ($)Jan - MarApr - JunJul - SepOct - DecBeefy Burger11.004.6016,06030,030111,54024,750Fire Fries5.003.0024,30068,75034,65039,600Seafood Supreme16.007.6012,48017,76021,600Plece o' Pizza7.003.6017,43064,47028,77031,990Veggle Dream8.803.806,4247,21610,82424,552All menu items10.004.40123,156366,350348,794280,494Profit = Sales - CostsExpressed as a percentage of selling price, which of the best-selling menu items is the LEAST profitable to produce?

calculation of item least profitable to produce

Answered: Sales data for Get Food Now's…

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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Compute the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 10 50
What is the average CM $ (per menu item) of a menu with a total food cost of $40,000, check average of $14.68, and guest count of 5,285? $7.11 $7.57 $8.97 $8.50
7. Complete the costing sheet below to calculate cost per portion and sales price for the beverage. Recipe: Kir Royale No. of portions: 1 Cost per portion: $2.36 BC%: 24% Selling Price: $9.83 Ingredient Recipe Yield AP Cost Converted AP Cost EP Cost Extended Cost (EP) Percen Quantit t y Champagne 5 oz 98% $11.10/750 mL Crème V% oz 95% $8.00/1 L de Cassis Total
The Beach Umbrella is a take-out food store at a popular beach resort. Susan Miller, owner of the Beach Umbrella, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: (Click to view the data.) Miller has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements. Requirement 1. Calculate the contribution margin per case of each type of drink. Selling price per case Variable cost per case Contribution margin per case Requirements $ Cola Lemonade 18.25 $ 14.40 20.75 $ 15.60 Punch 27.70 $ 20.10 Natural Orange Juice 39.25 30.40 1. Calculate the contribution margin per case of each type of drink. 2. A coworker of Miller's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this recommendation? Explain briefly. 3.…
Mastery Problem Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Analysis Instructions Bob’s Acme Supermarket has been in operation for many years, offering high-quality groceries, produce, and meat at reasonable prices. Accounting records are maintained on a departmental basis with assignment of direct expenses and allocation of indirect expenses through the use of various procedures. Selected operating information for the year ended December 31, 20--, is as follows: Grocery Meat Produce Total Net sales $2,104,890 $660,500 $345,800 $3,111,190 Cost of goods sold 1,683,912 462,350 207,480 2,353,742 Direct operating expenses: Store clerks’ wages expense 125,000 58,000 38,500 221,500 Advertising expense 25,000 38,500 18,400 81,900 Depreciation expense—store equipment 10,800 15,000 12,000 37,800 Other operating expenses 28,200 28,540 35,600 92,340 Indirect operating expenses:…
and Patisser X ot.php?attempt=D2880962&cmid=866264 . E Enduring Word Bibl. b My Questions | bart. nancial Aid Student Accounts Resources Campus Store If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? Why? Beginning Inventory $11,500 Dairy Alternative Purchases (+) $1,000 Produce Purchases (+) $500 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Ending Inventory |(-) $10,900 Food Cost (=) $4,100 Revenue (+) $12,500 Food Cost % (=) 32.8% Select one: a. Food cost % decreases because the ratio of food cost to revenue will be higher. b. Food cost % increases because the ratio of food cost to revenue will be lower. c. Food cost % decreases because the ratio of food cost to revenue will be lower. d. Food cost % increases because the ratio of food cost to revenue will be higher.
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22
Subject: acounting
Kaizen Furniture has the following information in respect to coffee tables for 2011: Production specifications: Beginning Target Ending Inventory Inventory Direct Materials: Particle board 20,000 b.f. 18,000 b.f. Red oak 25,000 b.f. 22,000 b.f. Finished goods Coffee tables 5,000 units 3,000 units Revenue expected for 2011 are: Selling price $392 per table Units sold 52,000 coffee tables Each coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of red oak. Costs expected for 2011 include: 2010 2011 Particle board (per b.f.) $ 3.90 $ 4.00 Red oak (per b.f.) $ 5.80 $ 6.00 Laminating labor (per hour) $24.00 $25.00 Machining labor (per hour) $29.00 $30.00 Prepare the following budgets for 2011: a. Revenues Budget b. Production Budget (in units) c. Direct Materials Usage Budget
N2.

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