overview

Question 1

means having control on the various expenses incurred by the company.

Answer 1

cost control

Question 2

the main objective of cost control is

Answer 2

to analyze income and expenditure

Question 3

cost control in pricing

Answer 3

The pricing for menu items is determined based on the food cost control options.

Question 4

cost control in wastage

Answer 4

Food cost control also helps in prevention of wastage and thus helps in achieving the goal of the organization.

Question 5

hotel costing

Answer 5

Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. These recurring costs are vital for the smooth functioning of the hotel and ensuring guest satisfaction.

Question 6

objectives of costing

Answer 6

the main objective of costing is to accumulate the costs of goods and services in an enterprise or an organization.