Find the cost of the standard gram portion

Reference no: EM132809110

The following information, taken from records in the Circle Restaurant, provides the results of butcher tests on 10 legs of veal, Canada Grade A1, purchased over the last several weeks from George's Meats, Inc. Veal legs are purchased to produce 150-gram portions of veal cutlets. The restaurant paid $814.28 for the 10 legs, which weighed a total of 112.3 kilograms as purchased.

Breakdown:

Fat: 18.824kg; value per kg: $ 1.00

Bones: 25.628kg; value per kg.: $ 1.00

Shanks: 8.959kg; value per kg: $ 7.50

Trimmings: 21.432; value per kg: $ 4.99

Loss in cutting 1.134 kg

Veal cutlets: 36.288 kg

Problem a. Given the preceding information, complete butcher test calculations to determine standard cost of the 150 gram portion, as well as yield factor, portion cost factor, and kilogram cost factor.

Problem b. Find the cost of the standard 150 gram portion at each of the following dealer prices:

1. $ 7.00/kg.

2. $ 7.50/kg

3. $ 7.99/kg.

Problem c. Find the cost of each of the following:

1. A 175 gram portion, if dealer price is $ 7.00/kg

2. A 125 gram portion, if dealer price is $ 7.50/kg

3. A 125 gram portion, if dealer price is $ 7.65/kg

Reference no: EM132809110

Questions Cloud

What are the four broad categories of development methods : What are the four broad categories of development methods and what benefits may or may not come from combining all of these methods

Personal financial planning : Is owning a home a better investment than renting a home? Why or why not? What's estoppel and what's its purpose?

Describe the stages of change : Describe the stages of change and explain how and why do people in a workgroup experience change differently?

Explain the sorts of things an employer might look : Explain the sorts of things an employer might look for during a pre-employment background check or credit check.

Find the cost of the standard gram portion : Complete butcher test calculations to determine standard cost of the 150 gram portion, as well as yield factor, portion cost factor, and kilogram cost factor

Non-proliferation and disarmament initiative : Research about the Non-Proliferation and Disarmament Initiative. What are the ethical values or principles guiding the organization according to their website?

Rise of social media and technological advancements : For this project we will discuss the rise of social media and technological advancements regarding business development and adaptation,

Calculate jasmine federal tax payable for the taxation year : Calculate Jasmine's Federal Tax payable for the 2020 taxation year. Jasmine Ramiz is 46 years old. Jasmine taxable for 2020 has been correctly calculated.

Give a complete picture of hr effectiveness : Identify and describe four other metrics that might help to show the value of HR.

User Account

All Pages