Cost contro - Study guides, Class notes & Summaries

LSU CM 4100 Construction Scheduling and Cost Control final exam questions and answers Louisiana State University

COST CONTROL REVIEW 2024 FINAL EXAM QUESTIONS & ANSWERS prime costs represent the largest portion of total costs for most restaurants - ANSWERStrue dollar figures are normally more useful than percentages for comparing one operating period with another in a given restaurant - ANSWERSfalse standard costs as talked about in class are agreed upon or expected costs used to evaluate actual costs - ANSWERStrue lower food cost percentages always lead to increased profits - ANSWERSfalse ...

Cost Control 2024 Final Exam Questions & Answers Food and Beverages become costs to restaurants when the food and beverage are consumed (T/F) - ANSWERSTRUE Prime cost is the sum of food cost, beverage cost, and labor cost (T/F) - ANSWERSTRUE A budget is a forecast of sales activity and an estimate of the costs that will be incurred in the process of generating those sales (T/F) - ANSWERSTRUE Standards and standard procedures for preparing any given menu item are typically the same ...

Menu Planning And Cost Control Questions And Answers 100% Verified. What are the 2 main divisions in Foodservice operations? - correct answer. 1. Commercial 2. Non-commercial What are the 6 divisions of commercial segments? - correct answer. 1. Quick service/limited service 2. Casual service 3. Fine dining 4. Cafeteria/buffet style 5. Retail 6. Convenience stores What are 5 non-commercial segments? - correct answer. 1. Business and industry 2. Hospitals 3. Ret...

Cost Control Food Service Exam 1 Questions & Answers 2024/2025 $11,000 - ANSWERSA restaurant budgeted for sales of $100,000 and total costs of 89%. How much profit would this restaurant earn? Cost structure - ANSWERSThe proportion or percentage of expense items to sales is known as? Profit of $1,000 - ANSWERSA restaurant has $90,000 in sales, $31,000 in food costs, $34,000 in labor costs, and $24,000 in other costs. It has experienced a? Daily - ANSWERSControlling costs is somethin...

LSU CM 4100 Construction Scheduling and Cost Control practice exam prep passed quizzes Louisiana State University

The test bank accompanying Principles of Food, Beverage, and Labor Cost Controls,Dittmer,9e is your short-cut for exam success. It includes large pool of practice questions created specifically for the textbook used in your class. All answers included. 100% Authentic. Mastering those questions is a sure way to excel and pass the class.

Food and Beverage Cost Control Final Exam

LSU CM 4100 Construction Scheduling and Cost Control quizz Louisiana State University

How many CAS standards are there? There are 19 standards promulgated by the Cost Accounting Standards Board (CASB) for use in determining the treatment of costs on negotiated contracts and subcontracts. These standards provide guidance for the definition, measurement, allocation and assignment of costs to a final cost objective or contract. They are designed to achieve uniformity and consistency in cost accounting practices