Key terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Controllable cost | costs, chargeable to a budget or cost centre, which can be influenced by the actions of the persons in whom control is vested.
🗑
|
||||
| Control | take into account (an extraneous factor that might affect results) when performing an experiment
🗑
|
||||
| Corrective action | are improvements to an organization's processes taken to eliminate causes of non-conformities or other undesirable situations.
🗑
|
||||
| Cost structure | Cost structure refers to the types and relative proportions of fixed and variable costs that a business incurs. The concept can be defined in smaller units, such as by product, service, product line, customer, division, or geographic region.
🗑
|
||||
| Cover | (of a sum of money) be enough to pay (a bill or cost).
🗑
|
||||
| Fixed costs | expenses that do not change as a function of the activity of a business, within the relevant period.
🗑
|
||||
| Line item review | Every item on budget should be checked against actually figures and the difference should be noted.
🗑
|
||||
| Loss | When expenses are greater than sells.
🗑
|
||||
| Noncontrolable | Noncontrolable costs are costs over which the manager hat little or no control
🗑
|
||||
| Operational standards | Measures established for making comparisons and judgments about the degree of excellence in operations.
🗑
|
||||
| Prime cost | Is an operations total for cost, beverage cost, and make cost, and labor cost for a specific time period.
🗑
|
||||
| Profit | What remains after all expenses are paid
🗑
|
||||
| Quality standards | Set degree of excellence of raw materials, finished products, and preduction for employees.
🗑
|
||||
| Quantity standards | Refer to weight, count, or volume, measure.
🗑
|
||||
| Sales | Dollar amount the establishment has taken in for food and beverages.
🗑
|
||||
| Semi variable | Semivariable cost are are costs that increase and decrease as sales increase and decrease but not in direct proportion.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
Og_nenaa
Popular Math sets