Question

In: Accounting

Larry sells three different popular dinner packages at varying price to appeal to a range of...

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:  

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