Question: A pizza restaurant has only six items on its menu. a. For each item, compute the cost %, total standard cost, total standard revenue and

A pizza restaurant has only six items on its menu.

a. For each item, compute the cost %, total standard cost, total standard revenue and total standard contribution.

b. Calculate the total standard cost percentage, the actual cost percentage and actual contribution for this month.

Item Cost Price Cost % # Sold Standard Cost Totals Standard Revenue Standard Contribution
1 $4.50 $16.00 654
2 $3.80 $13.25 2,195
3 $3.50 $12.50 1,110
4 $2.80 $10.75 990
5 $4.25 $14.00 295
6 $3.25 $10.25 259
Total
Total Standard Food Cost %:
Costs Revenue Contribution
Actual Results $21,396.00 $70,150.00
Actual % of Revenue

Compare the actual cost percentage with the standard cost percentage.

If you were the manager would you be satisfied with these results?

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