Math4
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Controllable cost | A cost that a manager can directly control
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| Controls | A series of coordinated actions the can help keep financial results within an acceptable target range
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| Corrective action | Steps taken to address the problem
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| Cost structure | The proportion or percentage of expense items to sales
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| Cover | 1 menu serve to a customer
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| Fixed cost | A cost that remains the same regardless of sales volume
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| Line item review | The checking of every item on the budget against actual figure and nothing the difference or variance
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| Loss | A situation that occurs when an operation's expenses are greater than its sales
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| Non-controllable cost | A cost over which a manager has lil to no control
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| Operation standard | The measures established for making comparisons and judgment about the degree of excellence in operations
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| Prime cost | An operation's total food cost, beverage cost, and labor for specific time period, usually a week or a month
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| Profit | The dollar amount that remaining after all expense are paid
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| Quality standards | A standard that sets the degree of excellence of raw material, finished products, and production standards for employees
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| Quantity standard | A standard that refers to weight , count, or volume measure, such as potion sizes for menu foods and beverages, and employ production standards such as one cook per 50 covers
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| Sales | The dollar amount the establishment has taken in for food and beverages
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| Semi variable cost | A cost that increase and decreases as sales increases and decreases, but not in direct proportion
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| Variable cost | A cost that increases and decreases in direct proportion
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| Variance | The difference between actual result and targeted or budgeted results
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To hide a column, click on the column name.
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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.
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Created by:
eaglelife0
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