Cost Control Fall-2015 NRA Review

Payments by credit card: compare the signatures on the card and receipt, verify expire date &

Which kind of inventory uses a theoretical count based on goods received and issued?

If the "AP" price of a 25# roast is $125 & there is a 20% shrinkage. The "EP" price per pound =

Perishable goods are best described as products that have a(n)

Increasing labor cost affects the opportunity for profit. However Chef Wolf should get a raise

Hist. info: Grilled Yak accounted for 26%; Poached Eel-22%; Fried Flies-20%. Eel if 425 people?

The one-stop shop method of purchasing is best described as

The first step in forecasting labor usage for scheduling is:

The difference between an item's selling price and its food cost is the item's

Which cost category would the employer's share of the premium for health insurance be placed?

Making future predictions about the budget based on current situations and trends is called

Food and Labor are examples of which type of cost?

When a restaurant wants to borrow money from a bank, and important consideration banks use is

Manager has set a par stock level of 20 cs. Buyer does inventory and counts 5 cs. Order # of cs

When preparing a pro forma income statement, the manager is

The scoop size used to serve a 1/2 Cup of "Gobble-D-Goo" would be number

How many servers should be scheduled?- "covers per server" standard is 40/hr. -480 guests/4 hrs

May Open inventory=$7,000; close inventory=$9,000; cost of food=$40,000;  Inv. Turnover Rate is

A proper revenue collection system involves charging the guest, collecting revenue, and

The formula for calculating the cost of food sold is

Competitive pricing is common in which section of the restaurant and foodservice industry?

The formula to calculate labor cost percentage is:

Which item is part of a food specification?

Sales history expects 300 meals.  History: Turkey Necks,35%; Pig Tails,45%. # of tails today?

Buffalo Lips account for 35% of sales. 300 people are expected.  How many lip portions to prep?

Cafe has a standard FC of 33%, and a composite FC of 33%. Actual FC% for May was 39%. Do what? 

Into which category would the total cost of employees' salaries be placed?

All orders coming out of the kitchen should have a

Which forecasting method adds the expected growth rate to last year's expenses?

If a cost is $2,000 when sales are $10,000 and $4,000 when sales are $20,000, this cost is?

Controlled access to storeroom areas and keeping high-value items locked up are examples of

Recipe: 20# of Elephant, 1# of kale chips, 25 Tbl of salt, 1C. of olives. Conversion factor 0.7

Which schedule acts as a template for listing the # of people needed in each position to run?

Lasagna is 15% of dinner sales.  How many portions are forecast to be sold if 600 are expected?

Chef discovers the Veloute is very sweet and does not meet the restaurant standard.  The sauce

Production calls for 48 por. of Barnacle Claws. The recipe is for 20 por.  Conversion factor is

Industry standards recommend that management salaries should not exceed which % of revenue?

A major cost of increased food costs in food service operations is

Labor available=$27,000. Benefits=$2,900. Manager's salary=$4,400. $ avail. for variable labor:

A common tool used for portion control of cottage cheese and ice cream is a

Analysis shows that composite FC% is 34% and the standard FC% is 30%:Do which corrective action

Checking the delivery quantity against both the invoice and the purchase order is an example of

A buyer has 4 suppliers give their best price.  Which purchasing method is being used?

Server productivity:Bill-10hr./$1000 sales; Joe-12hr./$1800 sales; Sue-15hr./$2000; Bo-2hr/$280

Meat specifications are found in the 

How is contribution margin calculated?

Weekly waste report-Items discarded because: burnt, not rotated, made incorrectly.  Correct how

Food Cost is which of the following?  

Plan that shows how manager expect to obtain and utilize resources to support operational goals

How frequently should cost control be implemented to be effective?

The primary control tool for managing labor costs is

The most common method of rotating stock in which the oldest items in inventory are used first

The cook does not know how to cook tonight's special.  The cook should consult the 

Menu Items with a low popularity and high contribution margin are known as

Document listing: names of products to be purchased, price, delivery date, supplier, & signed 

Manager needs to extend the cost of inventory.  6 tomatoes @ $25, 4 peas @ $35, 1/2 oat @ $60

Food, beverage, and labor costs combined are known as

Chef has the crew weigh 25 six oz. servings of beef, put in a bag, and in the cooler. This is

Hourly, daily, and weekly revenue figures can be generated by which type of system?

Ladles, a 6-oz ramekin, a scale that weighs 1 oz to 32 oz, in 1/2 oz increments are examples of

Funds from guest credit card payments are sent to which type of account?

Weekly payroll available=$9,500. Fixed payroll=$3,700. Server payroll=$1,000. Ave $12/hr. # hrs

If food cost is $14,000, opening inventory is $3,500, and sales are $47,000; the food cost % is

A primary indicator of a manager's effectiveness in meeting operational & financial standards:

If the Armadillo Dinner sells for $18 and the food cost is $4.50, the food cost percentage is

Fixed and variable wages, employee benefits, FICA, and Medicare are considered

Portion size of "Possum-tail" is 8 oz. EP cost is $0.45/oz.  Crew portioned @11 oz. Sell 60/wk.

How a menu item appears when served to a guest, including portion size and serving details is

A tool used to calculate standard portion cost for a particular menu item is a(n)

The amount of money a business owes to suppliers of goods products, and services is called

A financial examination of an organizations's accounts is called a(n)

Intentional deception to cause a person to give up property or a lawful right is known as

When determining a fair value for their dining experience, which factors do guests consider?

A report detailing an operation's sales, expenses, and profits or losses for a period of time.

If the cost of zebra increases, one method to keep the food cost % of zebra entrees the same is

What type of inventory is: counting the actual number of cans on the shelf, to compute value?

The best method for ensuring that employees use portion control is by

Recipe calls for 12 oz. of sugar. Sugar AP cost is $60/50# bag. What is cost of sugar in recipe

When do customers using an open tab pay for their drinks?

An insurance expense of $2,375 per month is an example of which type of cost?

In the "as-purchased" (AP) method, the cost if the ingredients is determined 

Information for a short-term budget comes from which type of budget?