Food revenu Beverage re Food cost Beverage cc

Q: ustomizing cost

A: Cost accounting is one of the accounting system that is used by the businesses. The main purpose of…

Q: the different types of purchasing procedures

A: A purchase process is a formal and systematic process of purchasing goods and service by an…

Q: What is cost-plus pricing? Who uses it?

A:

Q: VOLUME BASED COST SYSTEMS Pg 4   Would you please tell me the formula and how to solve for "Total…

A: Manufacturing overhead costs: Manufacturing overhead costs are costs that are not directly related…

Q: How can I get Cost of Sales

A:

Q: Define pricing decisions.

A: Selling Price:   It refers to the price at which the product or service will be sold in the market…

Q: "Standard costing improves the control function"explain with more information and examples

A: Standard costing is part of Cost Accounting which is used by some manufacturing concerns to identify…

Q: st of googs sold and intrest expens

A: The cost of goods sold can be calculated by using the inventory turnover ratio. Inventory turnover…

Q: What is cost-plus pricing?

A: Cost plus pricing is a method in the cost accounting to fix the selling price of the product.

Q: How are food cost percentages and beverage cost percentages calculated?

A: Food cost percentage is the ratio of the amount of money your restaurant spends on food and beverage…

Q: Determining the transfer price as the price at which the product or service transferred could be…

A: Transfer pricing relates to the procedure used to establish the price of products or services traded…

Q: What is the decision rule for selling a product as is or processing it further?

A: Definition:   Differential analysis: Differential analysis refers to the analysis of differential…

Q: What is normal costing?

A: Normal Costing Normal costing is refer as the method of costing which helps for derivation of cost.…

Q: Explain cost of goods sold budget.

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: Why is it important to compare standard and actual food and beverage costs?

A: The capacity to assess genuine costs and margins is essential for every organization, particularly…

Q: How cost accounting covers the problem of Evaluation of alternative while buying

A: Cost accounting system is a framework that guides the firm to calculate their cost and helps in…

Q: Merits and demerits of the cost value profit analysis CVP

A: Lets understand the basics. Cost volume profit analysis (CVP) is as name suggest analysis of total…

Q: how traditional costing switch over activity based costing

A: Activity-based costing (ABC) is a modern costing method that improves the accuracy of product…

Q: What are the stages in Product Life Cycle (PLC) of an product and define skimmimg pricing strategy.

A: Product life cycle defines the stages of an product with its various phases. Skimming is an pricing…

Q: Evaluate cost factors influencing a company's decision.

A: Cost factor is the factor or an element which is related to unit of product for which some amount of…

Q: :The traditional (Volume-based cost systems) tend t low-volume products and under-cost high-volume…

A: Explanation: In traditional volume-based cost system, direct material and direct labour cost are…

Q: cost benefit model

A: The benefit under the cost-benefit model is calculated by deducting the associated cost from the…

Q: What is importants of Price and quality?

A: Price plays an important role for buyers and sellers both because the seller wants to charge a high…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.