Question: Chapter 6 1. Complete the butcher test below by inserting the numbers in the cells marked with a question mark. Use slides #46-56 from

Chapter 6 1. Complete the butcher test below by inserting the numbers

Chapter 6 1. Complete the butcher test below by inserting the numbers in the cells marked with a question mark. Use slides #46-56 from Lesson 6 class PDF as your sample. Round all calculations to hundredth of decimal (.00) Item: Beef Tenderloin Pieces: Grade: U.S. Choice Weight: 9 Lbs Date 8-May, 2022 One Total Cost: $58.50 At $ 6.50 per lb. Supplier: Burnaby Meat Co. Cost Cost Factor Per Weight Ratio to Value Total of Lb. Oz. Total Peri Value Each Weight Pound Usable Portion Breakdown Lb. Oz. Size Portion Cost Lb. Portion Fat 4.25 b 47.22% $0.00 Loss in Cutting 25 lb 2.78% $0.00 Tip Meat 25 2.78% $4.50 Usable Meat 4.25 b 47.22% TOTAL 9LB 100% ? ? ? $58.50 2. Using the information from question 1 (Butcher test card), if the supplier changes the price to $6.29 per pound, what should the new portion cost be: (Show full calculation; round to hundredth of decimal). Use slide # 59 from lesson 6 PDF as your sample.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!