Read the following scenario which will be the basis for part two of the assignment: Flo...

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Read the following scenario which will be the basis for part two of the assignment: Flo is the managing owner of the "The % Pound Charburger "grill at the Gainesville Airport. Her menu is limited. She sells burgers, fries, and drinks. Last week, she served 1400 customers. Most of her guests order at least one burger and a beverage. Some ordered a burger, fries, and a beverage while still others only order fries and a beverage. Some data from last week includes: The CharBurger Weekly Account = 1400 Customers Served Step 1: Fill in the empty boxes on the chart with the following information: NOTE: In your calculations, write dollar values as S##, ##. and do not round. For percentages, however, round to the nearest tenth. Iem Sellin Tetal Re emI Tetal Ren. (A) Sold Price per ttem Cost Contribution Centributien Margia (G) ( () Margie ger se s400 Fries Beverage1os 2s Total 5.50 $20 Step 2: Answer the following questions from your calculations: 2a. What is the item contribution margin for each item? Note: If the item contribution margin is defined as Selling Price (-) Item Cost = Item Contribution Margin 2b. What is the total contribution margin for cach item sold? Step 3: Reflect on the data and answer the following question: 2c. Given the data presented, what is the lowest price at which Flo could sell a burger, fries and beverage combination and still equal the "per customer' served contribution margin she currently achieves? • Hint - find the per customer contribution margin and add that to the total item cost. Read the following scenario which will be the basis for part two of the assignment: Flo is the managing owner of the "The % Pound Charburger "grill at the Gainesville Airport. Her menu is limited. She sells burgers, fries, and drinks. Last week, she served 1400 customers. Most of her guests order at least one burger and a beverage. Some ordered a burger, fries, and a beverage while still others only order fries and a beverage. Some data from last week includes: The CharBurger Weekly Account = 1400 Customers Served Step 1: Fill in the empty boxes on the chart with the following information: NOTE: In your calculations, write dollar values as S##, ##. and do not round. For percentages, however, round to the nearest tenth. Iem Sellin Tetal Re emI Tetal Ren. (A) Sold Price per ttem Cost Contribution Centributien Margia (G) ( () Margie ger se s400 Fries Beverage1os 2s Total 5.50 $20 Step 2: Answer the following questions from your calculations: 2a. What is the item contribution margin for each item? Note: If the item contribution margin is defined as Selling Price (-) Item Cost = Item Contribution Margin 2b. What is the total contribution margin for cach item sold? Step 3: Reflect on the data and answer the following question: 2c. Given the data presented, what is the lowest price at which Flo could sell a burger, fries and beverage combination and still equal the "per customer' served contribution margin she currently achieves? • Hint - find the per customer contribution margin and add that to the total item cost.

Answer rating: 100% (QA)

Items sold selling price Total revenue Burger 950 4 3800 Fries 800 150 1200 beverages 110o0 125 137... View the full answer