ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Calculate a Goal Value Standard using the following information:
A x B x (C x D) = Item Value
A= 1- food cost %
B= Number Sold
C= Selling Price
D= 1 – (food cost % + variable cost %)
Food Cost % = 35%, Selling Price= $8.00, Number Sold= 125, Variable Cost %= 25%
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