5. JoAnna is the Foodservice Director at Reading Hospital. She has started a new menu program offering guests visiting hospitalized patients "guest trays" so the patients and their guests can eat together. She has been offering the program for 1 month, and it has been popular! She would like to know her average selling price per guest (check average) to see if she needs to change the price of her menu items. She would like the average selling price to stay about $11.50. Given the information below, and the fact that each menu item is priced with an $8 CM per tray, calculate JoAnna's average selling price for the month. Selling Price Total Menu Item Number Sold Product Cost Contribution Margin Sales

5. JoAnna is the Foodservice Director at Reading Hospital. She has started a new menu program offering guests visiting hospitalized patients "guest trays" so the patients and their guests can eat together. She has been offering the program for 1 month, and it has been popular! She would like to know her average selling price per guest (check average) to see if she needs to change the price of her menu items. She would like the average selling price to stay about $11.50. Given the information below, and the fact that each menu item is priced with an $8 CM per tray, calculate JoAnna's average selling price for the month. Selling Price Total Menu Item Number Sold Product Cost Contribution Margin Sales

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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