A fast food restaurant features only three (3) entre items on its menu with the following...

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A fast food restaurant features only three (3) entrée items on its menu with the following cost and selling prices: (a) (b) (c) Item 1 2 3 Cost (RM) 2.20 3.25 3.75 Selling Price (RM) 6.80 8.80 9.85 Calculate the food cost percentage for each item. If 50 of each item are sold every day, what will the standard food cost percentage be? What is the contribution margin in RM? If only 20 each of Items 1 and 3 sold, and 100 of Item 2, what is the contribution margin in RM? (20 marks) A fast food restaurant features only three (3) entrée items on its menu with the following cost and selling prices: (a) (b) (c) Item 1 2 3 Cost (RM) 2.20 3.25 3.75 Selling Price (RM) 6.80 8.80 9.85 Calculate the food cost percentage for each item. If 50 of each item are sold every day, what will the standard food cost percentage be? What is the contribution margin in RM? If only 20 each of Items 1 and 3 sold, and 100 of Item 2, what is the contribution margin in RM? (20 marks)

Answer rating: 100% (QA)

a To calculate the food cost percentage for each item we need to divide the cost of each item by its ... View the full answer