What is the formula managers use to calculate their break-even point in sales?
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
“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.
Which type of menu item should be removed from the menu if m…
Which type of menu item should be removed from the menu if managers use matrix analysis to evaluate their menus based on item popularity and contribution margin?
What is the goal of managers who use matrix analysis to eval…
What is the goal of managers who use matrix analysis to evaluate menu items based on each item’s popularity and food cost percentage?