1.Meatloaf is Wednesday's entre on the menu at Vidant Medical Center.The goal cost of meatloaf per 4oz...
Question:
1.Meatloaf is Wednesday's entre on the menu at Vidant Medical Center.The goal cost of meatloaf per 4oz portion is $0.85.What should the selling price of the meatloaf be if the goal food cost is 30%?Show your calculations.
2.The cafeteria employees did not read the production sheets and portioned the meatloaf at 7oz per serving instead of 4oz.What would that change the food cost percentage to?Show your calculations.
3.If Vidant Medical Center prepared 84, 4oz portions of meatloaf for service that day, how much revenue would they lose if the meatloaf was portioned to sell at 7oz instead of 4oz? Show your calculations.
4.You have decided to sell baked chicken tenders on your menu (3 tenders are a serving) for $4.99.You purchase chicken tenders (ready to bake) from Sysco for $65.70 per case of 70 tenders.What is your food cost percentage for the chicken tenders?Round to the nearest whole number.Show your calculations.