Procurement math
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Contribution Margin | Selling Price (aka Sales) - Variable Cost
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| Contribution Rate | Contribution Margin / Sales
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| Variable Cost | Sales price per unit x variable rate
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| Reorder Point | (Normal Usage x Time frame until next delivery) + safety factor
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| Percent Yield | Edible Portion / Raw Product (aka AP Cost)
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| Percent Yield when calculating cost | AP cost / EP cost
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| Food Cost Factor | Cost of raw food ingredients / Selling price of item
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| Contribution Rate | 1 - Variable Rate
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| Break Even Point - in Units | Fixed Costs / Contribution Margin
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| Break Even Point - in Dollars | Fixed Costs / Contribution Rate
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| Math for Reorder Point - in steps | - first part (the multiplication) is Q
- second part (W): safety factor percent x Q
- final answer: Q + W
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| Calculating Pricing Factor | 100 / (x food cost percent)
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| Calculating Selling Price | Pricing Factor x Raw Food Cost
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| Scoop numbers | number of scoops in a quart (and there's 4 quarts in a gallon)
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| Figuring out Scoop number (given ounces) | 32 / given ounces = # scoop
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| AP cost | EP / % yield
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Created by:
SaMar16
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