Labor Costing

Employee turnover refers to the number of employees who quit during a year's time.

• true

• false

A contingency plan is something that can be used when business doesn't run as planned.

• true

• false

Cross training employees is not considered good business due to the time and effort it takes for limited results.

• true

• false

A chart that shows employees' names and the days and times they are to work is called a(n)

• crew schedule

• business plan

• master schedule

• employee production chart

The amount of sales an operation is doing for a given time period is called...

• price point

• fixed costs

• business volume

• contribution margin

A template showing the number of people needed in each position to run the restaurant for a given time period is called a(n)

• crew schedule

• master schedule

• employee production chart

• business plan

Which is often the highest expense incurred while running a restaurant?

• labor

• food

• beverage

• overhead

What is the typical profit margin that a restaurant runs on?

• 2-6%

• 6-10%

• 11-15%

• 16-20%

What type of cost is labor?

• controllable, variable

• noncontrollable, semivariable

• noncontrollable, fixed

• controllable, semivariable

Which type of cost is made up of both fixed and variable costs?

• fixed

• noncontrollable

• variable

• semivariable