What is the typical range for a foodservice operation’s total “Other expense” costs?
What is the financial information that is listed first on a…
What is the financial information that is listed first on a P&L prepared using the USAR?
A cost that changes in direct relationship to changes in an…
A cost that changes in direct relationship to changes in an operation’s sales volume is considered to be a
What is the formula managers use to calculate their break-ev…
What is the formula managers use to calculate their break-even point in sales?
“Total sales – Total cost of sales” is the formula a manager…
“Total sales – Total cost of sales” is the formula a manager uses to calculate an operation’s
An operation’s payroll includes its wages, salaries and bene…
An operation’s payroll includes its wages, salaries and benefit costs.
Popularity is a factor utilized when performing both food co…
Popularity is a factor utilized when performing both food cost percentage and contribution margin matrix analysis.
An operation had sales of $39,000 in an accounting period. T…
An operation had sales of $39,000 in an accounting period. The operation’s food cost for the period was 38 percent. The operation spent $6,000 on meat in the period. What was the operation’s meat cost percentage for the period?
When an operation reaches its break-even point the operation…
When an operation reaches its break-even point the operation’s revenue will equal its
When expressed as a percentage of sales, a mixed expense wil…
When expressed as a percentage of sales, a mixed expense will decrease as sales increases.