Which is the formula that managers use to create a Goal Value Analysis when evaluating their menu

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Which is the formula that managers use to create a Goal Value Analysis when evaluating their menu prices?

a. (1.00 – Food Cost %) x Number Sold x Selling Price x [1.00 − (Variable Cost % + Food Cost %)] = Goal Value

b. (1.00 + Food Cost %) x Number Sold x Selling Price x [1.00 − (Variable Cost % + Food Cost %)] = Goal Value

c. (1.00 – Food Cost %) x Number Sold x Selling Price x [1.00 + (Variable Cost % + Food Cost %)] = Goal Value

d. (1.00 – Food Cost %) x Number Sold x Selling Price x [1.00 − (Variable Cost % - Food Cost %)] = Goal Value

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

Question Posted: Apr 30, 2018 12:49 AM

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Which is the formula that managers use to create a Goal Value Analysis when evaluating their menu

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a 100 Food Cost x ...View the full answer

Managerial Accounting for the Hospitality Industry

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