Question

In: Accounting

Create a popularity index for the sales history given below. Menu Item Number Sold Popularity Index...

Create a popularity index for the sales history given below.

Menu Item

Number Sold

Popularity

Index

Veal Marsala

375

Strip Steak

330

Roast Chicken

125

Stuffed Shrimp

160

Pasta Alfredo

130

Pork Chops

80

Saute Liver

90

Beef Stew

170

Deluxe Burger

405

Grill Swordfish

135

Totals

100%

8. (10 points) Now complete a production schedule using the popularity index and accounting for a 10% increase in sales that the chef expects due to a holiday.

Menu Item

Total Forecast

x

P.I.

=

Portion Forecast

x

% adjustment

=

Adjusted Portion Forecast

Veal Marsala

Strip Steak

Roast Chicken

Stuffed Shrimp

Pasta Alfredo

Pork Chops

Saute Liver

Beef Stew

Deluxe Burger

Grill Swordfish

Totals

1500

100%

                               

Solutions

Expert Solution

Production Schedule using Popularity Index and Accounting
Menu Item Number Sold Popularity Index         (In %) Portion Forecast         (In Nos.) % Adjustment (10% Increase in sales) Adjusted Portion Forecast (In Nos.)
A B = (A/2000 * 100) C = (1500 * B) D = (C * 10%) E = (C + D)
Veal Marsala 375 18.75% 281 28 309
Strip Steak 330 16.50% 248 25 272
Roast Chicken 125 6.25% 94 9 103
Stuffed Shrimp 160 8.00% 120 12 132
Pasta Alfredo 130 6.50% 98 10 107
Pork Chops 80 4.00% 60 6 66
Saute Liver 90 4.50% 68 7 74
Beef Stew 170 8.50% 128 13 140
Deluxe Burger 405 20.25% 304 30 334
Grill Swordfish 135 6.75% 101 10 111
Total 2000 100.00% 1500 150 1650
Note : 1. Popularity Index is the ratio of portion sales for given menu item to total portion sales for all menu items i.e.
Popularity index = Portion sales for item   x 100
Total portion sales for all menu items
Note : 2. Portion Forecast is the total sale forecast by the chef multipied by the popularity index of the the given menu item as calculated in Columb - C of the above table.
Note : 3. The chef is expecting the 10% rise in sales of the item, so we multipied the portion forecast by 10% as shown in Columb - D of the above table.

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