Question

1) Aday's Roadside Cafe has the following standardized information for its 4-item menu. STANDARD SERVINGS =...

1)

Aday's Roadside Cafe has the following standardized information for its 4-item menu.

STANDARD SERVINGS = 30
Menu Item Standard Quantity Standard Price CF
Chicken 15 $             1.40 1.5
Pork 22 $             1.60 1.33
Beef 30 $             2.00 2
Fish 11 $             2.50 0.6


Standard quantity is in lbs. Standard price is per lb.

During the last week, Aday determined the actual information for each menu item. They are listed below:

Menu Item Actual Servings AQU Total Cost
Chicken 45   30 $           46.80
Pork   40   35 $           49.00
Beef   60   75 $         165.00
Fish   18   10 $           23.00

Using the information above, calculate the following:

Converted Standard Quantity for Beef

*You will end up with 4 conversion factors. Remember, each menu item has it's own actual servings, so we have to divide those by the standardized to find CF.

Select one:

a. 22.5

b. 29.26

c. 60

d. 6.60

2)

Aday's Roadside Cafe has the following standardized information for its 4-item menu.

STANDARD SERVINGS = 30
Menu Item Standard Quantity Standard Price CF
Chicken 15 $             1.40 1.5
Pork 22 $             1.60 1.33
Beef 30 $             2.00 2
Fish 11 $             2.50 0.6

Standard quantity is in lbs. Standard price is per lb.

During the last week, Aday determined the actual information for each menu item. They are listed below:

Menu Item Actual Servings AQU Total Cost
Chicken 45   30 $           46.80
Pork   40   35 $           49.00
Beef   60   75 $         165.00
Fish   18   10 $           23.00

Using the information above, calculate the following:

Converted Standard Quantity for Fish

*You will end up with 4 conversion factors. Remember, each menu item has it's own actual servings, so we have to divide those by the standardized to find CF.

Select one:

a. 22.5

b. 29.26

c. 60

d. 6.60

3)

Aday's Roadside Cafe has the following standardized information for its 4-item menu.

STANDARD SERVINGS = 30
Menu Item Standard Quantity Standard Price CF CSQ
Chicken 15 $             1.40 1.5 22.50
Pork 22 $             1.60 1.33 29.26
Beef 30 $             2.00 2 60.00
Fish 11 $             2.50 0.6 6.60

Standard quantity is in lbs. Standard price is per lb.

During the last week, Aday determined the actual information for each menu item. They are listed below:

Menu Item Actual Servings AQU Total Cost
Chicken 45   30 $           46.80
Pork   40   35 $           49.00
Beef   60   75 $         165.00
Fish   18   10 $           23.00

Using the information above, calculate the following:

Actual Price for Chicken

*You will end up with 4 conversion factors. Remember, each menu item has it's own actual servings, so we have to divide those by the standardized to find CF.

Select one:

a. 1.56

b. 1.4

c. 2.20

d. 2.30

Homework Answers

Answer #1

1.

Item Standard Quantity Standard price ($) Actual servings AQU Total cost CF(Actual servings/standard servings) Converted standard quantity=(standard qty x CF)
Chicken 15 1.4 45 30 46.8 1.5 22.5
Pork 22 1.6 40 35 49 1.333333333 29.33333333
Beef 30 2 60 75 165 2 60
Fish 11 2.5 18 10 0.6 6.6

So converted standard quantity for beef is 60.

2. Converted standard qty for fish is 6.6.

3. Actual price for chicken is Total cost/AQU= $46.8/30=$1.56.

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