Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 11P
Summary Introduction
Interpretation:Finding out the term in division when made with
Concept Introduction:Forecasting refers to future event anticipation process and forecast can be done by numerous methods depending upon past performance of the entity which is in similar operation. There by forecast is result of calculation made with available information of the operation.
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Menu Item Sales and Cost Data
Taco Salad: Number Sold: 127; Item Cost: $0.71; Selling Price: $3.25
Lasagna: Number Sold: 48; Item Cost: $0.92; Selling Price: $4.67
Chicken: Number Sold: 31; Item Cost: $1.20; Selling Price: $3.00
Green Beans: Number Sold: 14; Item Cost: $0.20; Selling Price: $1.00
Corn: Number Sold: 13; Item Cost: $0.24; Selling Price: $1.00
Rice: Number Sold: 9;Item Cost: $0.13; Selling Price: $1.00
Menu Item Classification:
Low contribution margin, low menu mix % DOG
High contribution margin, low menu mix % PUZZLE
Low contribution margin, high menu mix % PLOWHORSE
High contribution margin, high menu mix o/o STAR
QUESTION 1
Complete the menu analyses worksheet below. Calculations will be done using the information above.
Restaurant:
Date:
MealPeriod:
(A)
☐
(B) (C)
(D) (E) (F)
(G)
(H)
(1)
(J)
Menu
Mix
Popularity
%
Item Item
Sold/(Menu
Mix
Menu Menu
Item
Food
Menu
Contribution Contribution
Contribution
Category
Item
Mix %): (B/K) Cost
Selling
Margin
Price Margin (E-D)…
Chapter 4 Solutions
Practical Operations Management
Ch. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6P
Ch. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10PCh. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - Prob. 16PCh. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19PCh. 4 - Prob. 20PCh. 4 - Prob. 21PCh. 4 - Prob. 22PCh. 4 - Prob. 23PCh. 4 - Prob. 24PCh. 4 - Prob. 25PCh. 4 - Prob. 26PCh. 4 - Prob. 27PCh. 4 - Prob. 28PCh. 4 - Prob. 29PCh. 4 - Prob. 30PCh. 4 - Prob. 31PCh. 4 - Prob. 32PCh. 4 - Prob. 1.1QCh. 4 - Prob. 1.2QCh. 4 - Prob. 1.3QCh. 4 - Prob. 1.4QCh. 4 - Prob. 2.1QCh. 4 - Prob. 2.2QCh. 4 - Prob. 2.3QCh. 4 - Prob. 2.4QCh. 4 - Prob. 3.1QCh. 4 - Prob. 3.2QCh. 4 - Prob. 3.3Q
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