CHAPTER 4 Determining Menu Prices APPLICATION EXERCISE wick-service restaurant, and have been given You are the general manager of Burrito Biggies, a popular qui assignment 2. What is the composite (potential for 1. Calculate the missing information and complete the percentage for Burrito Biggie's menu? menu product mix spreadsheet that follows. al) food.com MENU PRODUCT MIX SPREADSHEET Selling Price Food Cost Percentage 36% T otal Cost Total Cost Item $0.89 Taco Number Sold 890 775 800 520 $0.42 0.29 $325.50 232.00 208.00 Burrito Tamale Chili con queso/chips Salsa/chips Beverages Total 0.79 1.49 0.89 0.89 29 780 0.26 264.00 1,650 3. You have just found out that the cost of cheddar and Refigure the menu product mix informations Monterey Jack cheese will be going up substantially the revised costs and determine what you wil dit due to a major strike by your dairy distributor's offset these increases. delivery personnel. You have refigured the recipe Note: You are not limited to changing the selling cost cards for the items using these ingredients and of those items that have an ingredient cost inch have come up with new costs: tacos at $0.35, burritos You can change the selling price of anything on be at $0.46, and chili con queso at $0.46. Butch Biggs, menu, the owner of Burrito Biggies, will not stand for any increase in the standard food cost percentage, nor Fill in the following worksheet to reflect changes in will he let you change the recipes or portion sizes. product mix: You are therefore limited to price increases. WORKSHEET TO REFLECT CHANGES IN THE PRODUCT MIX: MENU PRODUCT MIX SPREADSHEET Number Selling Item Sold Food Cost Cost Price Percentage Taco 890 $0.35 Total Cost Burrito 775 0.46 Tamale 800 0.29 Chili con queso/chips 0.46 $232.00 Salsa/chips 0.26 Beverages 1,650 0.16 202.80 Total 264.00 Total 780 110