`"Selling Price" = "Item Food Cost" + "Desired Item Contribution Margin" `
Enter a value for all fields
This equation computes the selling price of a food item by taking into account the food's item contribution margin and item cost.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print