Homework Answers
Solution to Question 1
Menu costs = $9500/1300=$7.31 per unit
Menu revenues = $21000/1300=$16.15 per unit
Std. Cost % = Menu cost / Item cost
= $7.31/$7.75=94.32%
Std revenue % = Menu Revenues/ Item Price
= $16.15/$12.5 = 129.2%
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