In: Accounting
Larry sells three different popular dinner packages at varying price to appeal to a range of guests these are:
Yellow Rose Package | $29.95 |
White Rose Package | $39.95 |
Golden Rose Package | $49.95 |
Help him complete the spreadsheets and then answer the questions that follow:
Yellow Rose Package | White Rose Package | Golden Rose Package | ||||
Item | Cost ($) | Item | Cost ($) | Item | Cost ($) | |
Appetizer | Minestrone | 1.25 | Onion soup | 1.70 | Crab cake | 2.25 |
Entrée | Roast chicken | 2.25 | Braised beef ribs | 4.25 | Filet mignon | 6.50 |
Side | Yellow rice | 0.25 | Roasted redskins | 0.65 | Duchesse potatoes | 0.75 |
Side | Steamed broccoli | 0.50 | Bacon green beans | 0.75 | Béarnaise asparagus | 0.95 |
Bread | Dinner rolls | 1.00 | Basil loaf | 1.25 | French loaf | 1.55 |
Dessert | White cake | 0.75 | Almond torte | 1.25 | Poached pears | 1.85 |
Beverage | Coffee/tea | 1.25 | Coffee/tea | 1.25 | Coffee/tea/house wine | 4.40 |
Total cost | Total cost | Total cost | ||||
Food cost % | Food cost % | Food cost % |
a. What would be Larry’s food cost percentage if 100 % of his guests chose the Yellow Rose package?
Answer:
b. What would be Larry’s food cost percentage if 100 % of his guests chose the White Rose package?
Answer:
c. What would be Larry’s food cost percentage if 100 % of his guests chose the Golden Rose package?
Answer:
d. What would be Larry’s total food cost percentage if one-third of his guests chose each of the three different packages he offers?
Answer: