Term
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Definition
| The TRA markup method differs from the factor and markup on cost methods by accounting for |
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Term
All of the above
-competition
-standard food cost %
-price-value relationship |
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Definition
| The final selling price on a menu is affected by |
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Term
| a composite food cost taking into account all items on the menu are their quantities sold |
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Definition
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Term
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Definition
| If the food cost on the income statement and the composite food cost are each 4 % higher than the standard, then there is |
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Term
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Definition
Sales: $450,690
Cost of food sold: $110,575
Labor expenses:$125,989
All other exp: $150,500
A menu items standard portion cost is $4.50. Using the TRA method, the item should be priced at |
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Term
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Definition
Sales: $450,690
Cost of food sold: $110,575
Labor expenses:$125,989
All other exp: $150,500
A menu items standard portion cost is $1.90. Using the mark up on cost method, the item should be priced at |
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Term
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Definition
Sales: $450,690
Cost of food sold: $110,575
Labor expenses:$125,989
All other exp: $150,500
Using the factor method, the factor would be? |
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