TLE COOKERY - COST OF PRODUCTION

TLE COOKERY - COST OF PRODUCTION

In this lesson you will learn the principles of costing and compute cost of production whenever you want up your cookery business

Learning Objectives

a. Calculate the cost of production

b. Discuss the principles of costing

c. Compute the cost of production

Multiple Choice

This may include things such as labor, raw materials, or consumable supplies

• Cost of Production

• Food Costing

• Mark-up Price

• Selling Price

Multiple Choice

It is the seller’s final price.

• Cost of Production

• Food Costing

• Mark-Up Price

• Selling Price

Multiple Choice

It is the difference between how much an item costs you or it is your profit per item

• Cost of Production

• Food Costing

• Mark-up Price

• Selling Price

Multiple Choice

What is the formula to get the Peso Mark-up?

• Selling Price - Purchase Price

• Peso Mark-up ÷ Selling Price

• $\frac{Total\ Cost+Peso\ Mark-up}{No.\ of\ Yield}$

• None of the choices

Multiple Choice

What is the formula to get the Selling Price?

• Purchase Price – Selling Price

• Peso Mark-up ÷ Selling Price

• $\frac{Total\ Cost+Peso\ Mark-up}{No.\ of\ Yield}$

• None of the choices

Multiple Choice

What is the 50% peso mark-up on Example Number 3?

• 550

• 55

• 5.5

• 50

Multiple Choice

What is the selling price of PULVORON product in Example No. 3?

• 1.1

• 2.2

• 3.3

• 4.4