with answers |\
The cost of an item is added to food cost when it is
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a
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delivered
b
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ordered
c
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invoiced
d
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used - CORRECT ANSWERS ✔✔d
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used
Three numbers are needed in order to calculate food cost. They
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are the value of
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a
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requisitions, transfers, and inventory |\ |\ |\
b
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opening inventory, purchases, and ending inventory
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c
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register sales, purchases, and inventory
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d
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,food accounts payable, restaurant receivables, and register sales -
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CORRECT ANSWERS ✔✔b
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opening inventory, purchases, and ending inventory
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Opening inventory is always equal to
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|\ a
closing inventory of the same period
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|\ b
the total of the chef's requisitions
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|\ c
purchases for the period |\ |\ |\
|\ d
closing inventory of the previous period - CORRECT ANSWERS ✔✔d
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closing inventory of the previous period
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Throughout the month the chef has kept careful track of the items
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that were used for employee meals. This dollar amount should be
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|\ a
subtracted from food costs |\ |\ |\
|\ b
added to food costs |\ |\ |\
|\ c
reported to human resources as a payroll expense
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|\ d
,noted but will not have an effect on food cost - CORRECT
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ANSWERS ✔✔a |\
subtracted from food costs |\ |\ |\
A restaurant has a contract to sell its used cooking oil to an
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organization that makes bio-diesel fuel. The money received for |\ |\ |\ |\ |\ |\ |\ |\ |\
this oil should be
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a
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added to food costs |\ |\ |\
b
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reported as income |\ |\
c
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subtracted from food costs |\ |\ |\
d
|\
noted but will not have an effect on food cost - CORRECT
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ANSWERS ✔✔c |\
subtracted from food costs |\ |\ |\
A chef has requisitioned some wine from the bar. The value of this
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wine should be |\ |\
a
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transferred from food costs to beverage costs |\ |\ |\ |\ |\ |\
b
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transferred from beverage costs to food costs |\ |\ |\ |\ |\ |\
c
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used as a trade for when the bar needs lemons and/or limes
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, d
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noted but will not have an effect on either cost - CORRECT
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ANSWERS ✔✔b |\
transferred from beverage costs to food costs |\ |\ |\ |\ |\ |\
The reason that food costs are translated to percentages is
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a
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so that they can be compared
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b
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that it gives the manager something to do
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c
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so that they can be deducted as an expense
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d
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so that they can be reported properly on tax forms - CORRECT
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ANSWERS ✔✔a |\
so that they can be compared
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Something that will directly affect the food cost percentage would
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be
a
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transfers to the bar |\ |\ |\
b
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the item begins to sell more
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c
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transfers from the bar |\ |\ |\