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

  1. 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

Back Ribs

597

$

$ 5.17

Smoked Chicken

310

$14.25

$ 3.84

Fish Tacos

456

$16.25

$ 4.78

Smoked Turkey

398

$

$ 2.90

Chicken Wings

$

$ 2.42

Total

Average Menu Mix % = (1/#items) x 70%

Avg CM =

  1. 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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