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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