Reference no: EM132658146
Lai Lai Chinese Restaurant has seven items in its breakfast menu. The management of Lai Lai has just acquired some data and they would like to find out both popularity and profitability of its breakfast menu items based on their selling price, food cost percentage, sales volume, and contribution margin (CM) from the past period.
The financial data for the selling price, sales volume, and individual food cost dollar amounts are presented in the table below:
Breakfast Menu Item Selling Price ($) Food Cost ($) Sales Volume
A $10.00 $3.00 250
B $16.00 $6.00 50
C $18.45 $8.00 60
D $14.75 $4.25 300
E $8.75 $2.50 80
F $12.50 $5.75 180
G $9.00 $2.60 280
TOTAL 1,200
Problem 1: Based on the information given in the table above, what are the specific classification of the breakfast menu items based on their profitability and popularity in order?
Group of answer choices
A) Plowhorses, Plowhorses. Plowhorses, Puzzles, Puzzles, Stars, and Dogs for A, B, C, D, E, F, and G respectively
B) Puzzles, Plowhorses, Puzzles, Stars, Dogs, Plowhorses, and Plowhorses for A, B, C, D, E, F, and G respectively
C) Plowhorses, Puzzles, Puzzles, Stars, Dogs, Plowhorses, and Plowhorses for A, B, C, D, E, F, and G respectively
D) Puzzles, Stars, Dogs, Plowhorses, Puzzles, Plowhorses, and Plowhorses for A, B, C, D, E, F, and G respectively
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