Question: Dollar amounts must be rounded to 2 decimal places and include a dollar sign. You may include the first chart in your submission. Student ID
Dollar amounts must be rounded to 2 decimal places and include a dollar sign. You may include the first chart in your submission.
Student ID : 152289195
- Complete the following chart. The number of Chicken Wings sold is the last 3 digits of your student ID number. The menu price of the Brisket, Back Ribs, Smoked Turkey and Chicken Wings are the first 4 digits of your student number. Divide the first 4 digits by 100 to convert it into a dollar amount. (12 Marks)
| Menu Item | Number Sold | Menu Mix % | Menu Price $ | Item Food Cost | Item CM | Gross Margin | CM Category | MM% Category | Classification |
| Brisket | 403 |
| $ | $ 2.96 |
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| Back Ribs | 597 |
| $ | $ 5.17 |
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| Smoked Chicken | 310 |
| $14.25 | $ 3.84 |
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| Fish Tacos | 456 |
| $16.25 | $ 4.78 |
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| Smoked Turkey | 398 |
| $ | $ 2.90 |
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| Chicken Wings |
| $ | $ 2.42 |
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| Total |
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| Average Menu Mix % = (1/#items) x 70% |
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| Avg CM = |
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- Once you have classified each menu item from part 1, explain what actions should be taken with each item and why. I recommend graphing each item (as was shown in the week 7 session) to help you. (18 Marks)
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