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A fast-food restaurant features only three entree items on its menu with the following cost and selling prices: Item Cost Selling Price 1.20 $6.80 2...

A fast-food restaurant features only three entree items on its menu with the following cost and selling prices:

Item Cost Selling Price

1. $2.20 $6.80

2 $3.25 $8.80

3. $3.75 $9.85

If 50 of each item are sold each day, what will the standard food cost percentage be? What is the contribution margin in dollars?

  1. Standard FC as % of Sales: 35.1%

Contribution Margin in Dollars: $812.50

2.Standard FC as % of Sales: 36.1%

Contribution Margin in Dollars: $812.50


3.Standard FC as % of Sales: 36.1%

Contribution Margin in Dollars: $824.50

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Answer is 2.Standard FC as % of... View the full answer

Contribution Margin: When the variable cost of the product is deducted from... View the full answer

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