Using the following information taken from the first week in November operating and financial reports of Hudsons steakhouse, what is the operations weighted contribution margin for the six types of steaks it sells a $11 20 b $11 70 c $12 20 d $12 70 Contribution Number Menu Item Sold Margin $11 50 ...

The Answer is in the image, click to view ...

Using the following information taken from the first week in November operating and financial reports of Hudsons

Question:

Using the following information taken from the first week in November operating and financial reports of Hudson€™s steakhouse, what is the operation€™s weighted for the six types of steaks it sells?

Contribution Number Menu Item Sold Margin $11.50 $9.50 $11.00 $8.50 $13.50 $10.00 New York Strip Cowboy Rib eye Filet Pe a. $11.20

b. $11.70

c. $12.20

d. $12.70

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...