Question: 7. (4 pt) Using the profit pricing method on p. 171, calculate the Allowable food cost of the following. Forecasted food revenue is $1,250,000 Non-food

7. (4 pt) Using the profit pricing method on p. 171, calculate the Allowable food cost of the following.

Forecasted food revenue is $1,250,000

Non-food Expenses is $725,000

Profit requirement is $140,000

  1. $ 300,000
  2. $ 385,000
  3. $ 425,000
  4. $ 475,000

ANSWER: ________

8. (4 pt) Using the answer in #7, the Budgeted food cost percentage should be _______.

  1. 25%
  2. 31%
  3. 35%
  4. 39%

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