Joe used to price below menu items by a flat contribution margin $50 for food and $30 for beverage Items Current Pricing Average Servings Sold Fish and Chips $85 105 Mega Hamburger $75 125 BBQ Iberico Cubes $95 95 House Wine (glass) $35 110 Red Wine (glass) $40 100 Yesterday his assistant manager proposed to change the pricing methodology to pricing factor, 2 22 for food items and 5 for beverage items Please assist to generate the new pricing for each item

The Answer is in the image, click to view ...

Question: Joe used to price below menu items by a flat contribution margin - $50 for food and $30 for beverage. Items Current Pricing Average Servings

Joe used to price below menu items by a flat contribution margin - $50 for food and $30 for beverage.

Items	Current Pricing	Average Servings Sold
Fish and Chips	$85	105
Mega Hamburger	$75	125
BBQ Iberico Cubes	$95	95
House Wine (glass)	$35	110
Red Wine (glass)	$40	100

Yesterday his assistant manager proposed to change the pricing methodology to pricing factor, 2.22 for food items and 5 for beverage items. Please assist to generate the new pricing for each item.

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 General Management Questions!

Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the...

5. Joe used to price below menu items by a flat contribution margin - $50 for food and $30 for beverage. Items Current Pricing Average Servings Sold Fish and Chips $85 105 Mega Hamburger $75 125 BBQ...

2. Please use below information to come up with the beverage cost %. Beginning inventory of the period: $5,000 Ending inventory of the period: $5,900 At the Happy Ever After Bar, the new manager...

Please write a detailed post responding to this question. Question: Examine if PepsiCo's business portfolio exhibits a good strategic fit. Then identify visible value-chain match-ups, skills...

Prepare a three (3) year forecast of estimated future cash flows for you company and give valid economic/business reasons for your projections. This means you will have a statement of incremental...

Please complete a ssignment excel financial statement with attached instructions and reading material. Read "Pepsico's Diversification Strategy in 2015" (In Textbook pp. 377-389) Complete the PEPSICO...

The instructions are attached in the Division Performance Evaluation Division Performance Evaluation Project Using Excel In this assignment you will analyze the performance of PepsiCo or Marriott's...

Need stakeholder analysis, swot analysis and pestle analysis for the below case study- Bella Beverages Inc. 1 Bella Beverages Inc. Overview Bella Beverages Inc. (BB) is a Canadian company traded on...

Please follow this outline for all written case reports: PepsiCo case study 1. Situation Analysis (What's happening in the marketplace?) 2. Problem Definition (What challenges is the business facing?...

Consider and discuss the specific risks and nature of the company you will be auditing and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles. Submit a...

Given the information for a part's length of 72.0 and tolerance of +/-0.005 answer the following questions; Given: MAX MIN USL LSL STDV MEAN 72.005938 71.994166 72.005 71.995 0.003690434 3STDEV...

If the lease term is less than 1 2 months, when may a lessee elect not to recognize the right - of - use asset and lease liability? The present value of the sum of ( 1 ) the lease payments and ( 2 )...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...