Intro to Cost Control

The main categories of cost are food, beverage, labor and

• fixed

• variable

• overhead

• controllable

Which category of cost includes insurance and utilities?

• food

• labor

• beverage

• overhead

Most operating budgets cover one year and are broken into

• days

• weeks

• months

• quarters

What is the formula for calculating average sales per customer?

• total number of customers divided by the total dollar sales

• total dollar sales divided by the total number of customers

• total dollar sales multiplied by the total number of customers

• total dollar sales divided by the average number of customers

A record of the number of portions of every item sold on a menu is called a

• sales history

• receiving sheet

• production sheet

• profit - and loss-sheet

Which document lists all menu items that are going to be prepared for a given date?

• purchase order

• master schedule

• receiving sheet

• production sheet

A compilation of sales and cost information for a specific period of time is presented in a(n)

• balance sheet

• operating budget

• profit and loss report

• statement of cash flows

Another name for a profit and loss report is a (n)

• balance sheet

• operating budget

• P&L statement

• statement of cash flows

What information is found at the bottom of the profit and loss statement?

• net earnings

• total expenses

• retained earnings

• total cost of sales

A profit and loss statement shows an operation's

• assets and liabilities

• cost of goods sold and revenue

• cash and assets over a period of time

• sales, costs, and profit or loss over a period of time