week 7 Flashcards
a process used to direct, regulate and restrain the actions of people.
Control
a method, device or system used for control.
Control Process
the expense incurred for goods consumed or for services rendered.
Cost
the cost of food which can be expressed either by portion or by total.
Food Cost
also known as pouring cost, the cost of beverages.
Beverage Cost
revenue resulting from the exchange of products and services for value.
Sales
what the customer pays for a portion of food or beverage.
Selling Price
the ratio of cost to sales, expressed as a percent.
cost Percent
the relationship between the food cost and the selling price.
Food Cost %
the relationship between the beverage cost and the selling price
Beverage Cost %
the principal causes of excessive costs
Inefficiency (labor) and Waste (product):
an assumed cost for miscellaneous assorted items when costing a meal.
Q Factor
