Last year an operation had a cost of food consumed for meats of $310,000. In that year the operation had a beginning meat inventory of $15,000 and ending meat inventory of $16,000. What was the operation’s inventory turnover for meat last year?

If an operation achieved $8,000 in sales for one day and a labor cost of $1,760 for that same day, then the operation achieved a 22% labor cost.

A Uniform Systems of Accounts describes the legally required format managers must use when preparing the financial statements of a business.

Under what expense category is “Depreciation” listed when a P&L is prepared using the USAR?

Managers can reduce their operations’ variable labor cost percentages by increasing worker productivity.

An operation had sales this period of $89,775. Last period sales were $85,500. What was the operation’s percentage sales increase for this period when compared to last period?

What will be the normal impact on costs when managers buy convenience items rather than make those same items from scratch?

The first step in the management of payroll cost is the determination of productivity standards.

A manager must pay a $500 annual fee to the state in order to obtain a license to serve alcohol. What type of “Other expense” is the amount paid for the license?

What is a manager’s “Other expense” Cost per guest for marketing, if sales in the manager’s operation in a month were $90,000, 3,000 guests were served, and marketing costs for the month were $1,500?