Establish Stock & Control Purchase Systems Session 2

Match- When testing what a product will give you when its stripped of everything you won't use

Match-The total amount of food issued from the storeroom according to requirements for that day

Match- Total taken from the daily food receiving report for the day

Average Inventory= (Beginning of the Month Inventory + End of the Month Inventory) divided by 2

Which of the below can NOT be measured using yield tests?

Food Cost (COGS) = Opening Stock + __________ - Closing Stock

Match- The total of today’s and all previous day’s cost of food sold today

Stock turn is calculated as Food Cost (COGS) divided by Average Inventory

EP stands for what?

Match- To obtain a true food cost, businesses must cost employee meals whether they pay or not

Match- The total of all revenue for food sold that day, excluding revenue from employee meals

Match- When food items are sent from the food production areas to non-food production areas

Historical sales figures will give you the “sales mix” or mix of items ordered by customers

AP stands for what?

Match- Items from one production area transferred to another