User Account

All Pages

Classify each menu item based on their profitability

Assignment Help Managerial Accounting
Reference no: EM132540836

Starlight Restaurant is trying to decide a new operational and advertising strategy based on a pricing associated with its lunch menu items. The management of the Starlight has just acquired some operational data from the past period. The data for the selling price, sales volume, and individual food cost dollar amounts are presented in the table below:

Lunch Menu Item                 Selling Price ($)                    Food Cost ($)                 Sales Volume

Bagonti Chicken                          $17.80                                 $6.10                          115

Octopus Marienere                      $21.60                                    $11.00                     85

Zilfand Biftako                               $13.45                             $8.50                      100

Gersenkirch Salad                            $11.40                            $5.20                      190

TOTAL                                                                                                           490

Question 1: Using the above information, Based on the information given in the table above, classify each menu item based on their profitability and popularity results for Lai Lai RESPECTIVELY.

Reference no: EM132540836

Questions Cloud

What are the effects on cash flow : What are the effects on cash flow, if sales increase from $9 million to $9.9 million? (Input the amount as positive value. Enter your answer in dollars not in m
Explain the family members of NoSQL database : Define SQL and No SQL.? List and explain the family members of NoSQL database?
Evaluate the efficacy of psychopharmacologic medications : Post an explanation of the psychometric properties of the Quality of well-being scale assessment tool. Explain when it is appropriate to use this assessment.
Find the present value : Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a.
Classify each menu item based on their profitability : Based on the information given in the table above, classify each menu item based on their profitability and popularity results for Lai Lai RESPECTIVELY.
How you would communicate importance of a healthcare issue : Consider how you would communicate the importance of a healthcare issue to a legislator/policymaker or a member of their staff for inclusion on an agenda.
What are the fixed costs of hamburger production : In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $3.4 million. In a good year, it can produce 4.8 million hamburgers
What are the individual adr for both single and double rooms : Based on the information given, what are the individual ADRs for both single and double rooms for Folt & Golt (assume that there are 365 days in a year)?
Describe the occupational safety for a health institution : Write a two-page essay based on the Pan American Health Organization document explaining the following: occupational safety for a health institution.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd