81.9k views
1 vote
What is the variance in the number of orders? Product Analysis: Lamb Rack; Portion size = 12oz (EP); yield = 85% Opening Inventory (lbs.) 100 Ending Inventory (lbs.) 110 Purchases (lbs.) 200 # Sold 200 Meal selling price $18.95 Purchase cost (lbs.) $11.00

User Mong Zhu
by
9.1k points

1 Answer

4 votes

Answer:

Step-by-step explanation:

From the information given:

The number of portion size that can be gotten from one pound = 16/12

= 1.33

Given that the yield is 85%, therefore, the actual portions can now be:

= 1.33 × 0.85

= 1.133

However, the average meat used = Purchase + opening inventory - ending inventory

the average meat used = 200 + 100 - 110 = 190

The number of orders from 190 lbs = 1.133 × 190 = 215.27

The number of orders from 190 lbs = 215.27

The real purchases = 200

Thus; variance = 200 - 215.27

variance = -15.27

Thus, approximately 15 orders are found to be lesser.

User Evi Song
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.