This is a restaurant questions

This is a restaurant questions

Need 1 page

When analyzing financial statements and discussing costs, would you prefer to use percentages or contribution margins when developing your strategy? Which will give you the larger percentage of profit? Which might make you increase the gross profit? Explain your answers.

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Need 1 page

What part of the standardized cost cards could be computerized? What other back of the house or kitchen functions could be evaluated by using cost card software?

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This is soul food restaruant called Hevenly

Write a two- to four-page paper (not including the title and reference pages) describing the importance of cost and pricing analysis to your selected restaurant. The paper should explain the following topics and how they will be applied in your restaurant:

Recipe and cost cards
Menu engineering
The four key menu categories: stars, plow horses, puzzles, and dogs
How to make decisions
Menu scoring
Which markup method you will use
Computer applications

Solution Preview

Preference use of percentages or contribution margins when developing strategies
Contribution margins will involve the price of the product minus all the costs and the expenses that will be incurred for the manufacture of the product and hence the profits that will be achieved after that. Therefore, the total contribution that is reached upon by an entity will be a representation of their total earnings that are available to pay for the other expenses that may be fixed and the generation of the profits.

(1,753 words)