In: Accounting
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%  | 
 
  | 
| 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. |