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  3. 1. if the food cost is $250,000 and the total labo

1. If the food cost is $250,000 and the total labor cost is $300,000, what...

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Question

Accounting

1. If the food cost is $250,000 and the total labor cost is $300,000, what is the prime cost?

Group of answer choices

$300,000

$250,000

$50,000

$550,000

2. A restaurant reports the following information:

Labor cost $100,000

Food cost $80,000

Beverage cost $50,000

Fixed cost $60,000

Total revenue $350,000

What is the restaurants prime cost percentage?

Group of answer choices

65.71%

86.25%

33.00%

40.00%

Answer & Explanation Solved by verified expert
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