Question: a.) What is NY strip steak's item contribution margin? b.) What are tea-smoked salmon's Menu Costs? c.) What is mushroom risotto's menu sales revenue? d.)

a.) What is NY strip steak's item contribution margin?
b.) What are tea-smoked salmon's Menu Costs?
c.) What is mushroom risotto's menu sales revenue?
d.) What is pork ribs' menu contribution margin?
e.) What is the weighted average contribution margin (the average level we compare each CM to) across the five menu items?
You are looking at a restaurant's menu with the following statistics: Menu Item Number sold Item food cost Item selling Price NY Strip Steak Pork Ribs Impossible Burger Tea-Smoked Salmon Mushroom Risotto 75 $ 43 $ 99 $ 56 $ 42 $ 6.00 $ 7.36 $ 5.60 $ 12.75 $ 12.33 $ 13.75 19.20 12.33 22.36 18.75 The owner of the restaurant is considering adjusting some items on the menu for the next season. You thought this might be a good chance to apply the "menu engineering" approach we learned in classStep by Step Solution
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