Chap 1 Word Scramble
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Term | Definition |
Sales | The dollar amount the establishment has taken in for food and beverages |
Loss | Expenses are greater than sales |
Profit | Expenses and food cost from sales |
Cost structure | The proportion or percentage of expense items to sales |
Controllable cost | Cost that's control |
Variable cost | Cost that increase and decrease direct proportion to sale |
Fixed cost | Cost that remain the same |
Semivariable cost | Cost that increase and decrease as sale increase and decreases but not in direct proportion |
Non controllable cost | No control over the cost |
Operational standard | The measure established comparisons and judgments about the degree of excellence in operation |
Prime cost | Operations total food cost beverage cost and labor costs for a specific time period usually week |
Cover | One meal served to a customer |
Controls | Important part of making a profit |
Quality standard | Set the of the excellence of raw materials |
Quantity standard | Refer to weight count volume measure |
Variance | The difference between actual results and targeted results |
Line item review | The checking of every item on the budget against actual figures and noting the difference or variance |
Corrective action | Step that are taken to address a problem |
Created by:
The black guy
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