How should you properly record product and labor costs

Assignment Help Other Subject
Reference no: EM13211864 , Length: 698 Words

Within the Discussion Forum area, write up to 300-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
You are currently the general manager for a restaurant that is part of a multiunit chain. Since you took over, your food and labor cost has consistently been within the budget. Your district manager has been very impressed with your control over these costs and has asked you to discuss your successes in the next general managers' meeting. She would like you to explain the process of computing food and labor costs and all the steps involved, and she wants you to share your best practices.
• How should you properly record product and labor costs, and why is this significant to the success of the restaurant?
• How should you determine actual costs for food and labor, and why is this significant to the success of the restaurant?
• How do you determine cost percentages for food and labor? How can this contribute to the success or failure of a business?
• Provide an example of how you might compare actual costs compared to budgeted costs.  

Verified Expert

Reference no: EM13211864

Questions Cloud

During reconstruction, in five southern states : During Reconstruction, in five Southern states
Radical congressional reconstruction of the south ended : Radical congressional Reconstruction of the South ended when
Decide whether the question is correlational or experimental : Decide whether the question is correlational or experimental. If it is correlational define the 2 variables. If it is experimental, define the the independent and dependent variables and any extraneous variables that need to be controlled.
Provides pharmaceutical consulting-custom drug manufacturing : "BGP Technologies is a fictitious biotech company that provides pharmaceutical consulting, custom drug manufacturing, and a line of consumer medical devices and generic drugs to customers worldwide.
How should you properly record product and labor costs : You are currently the general manager for a restaurant that is part of a multiunit chain. Since you took over, your food and labor cost has consistently been within the budget. Your district manager has been very impressed with your control over thes..
Conformity-obedience-compliance in social psychology : Please write a brief pharagraph about conformity, obedience, compliance in social psychology."
One by-product of the development of the railroads was : One by-product of the development of the railroads was
Spoilsmen was the label attached : "Spoilsmen" was the label attached to those who
Successful political career in the post-civil war decades : Those who enjoyed a successful political career in the post-Civil War decades were usually

Reviews

Write a Review

Other Subject Questions & Answers

  Question about aristotelian ethics

Famously, in 1982 cult classic Conan the Barbarian featuring then bodybuilder turned actor Arnold Schwarzenegger in his first starring role, Conan is asked: What is best in life.

  Type of sand dunes including and relationship wind direction

Describe four types of sand dunes including their form and relationship to wind direction and the amount of sand supply. Explain why dune sands are so well sorted.

  Managerial marketing

"Visit any retail establishment of your choice in order to assess how the organization has implemented the generic marketing strategy and the segmentation strategies. Develop a two- to three-page paper in the correct APA writing style and synthesize ..

  Environmental factor

The growing presence of the Russian Mafia has discouraged many foreign firms from setting up operations in the former Soviet Union. This is an example of which of the following environmental factor?

  Determination of capital gains tax

What is Jessie's cost base for the determination of Capital gains tax?

  Denial of service attack works

Critically discuss how a denial of service attack works. How and why are these attacks effective in their goals? Who would be the primary targets for these types of attacks?

  Number of chromosomal combinations

As genetics expert, what can you share with them regarding the number of chromosomal combinations which are possible.

  Views on abortion

you have to discount Mr. McGill's views on abortion. As a member of the Pre-Natal Liberation Organization, he can't help being prejudiced.

  Building construction task under the preparation phase

AA few weeks have passed since Janet started out as project manager on the Huntsville Plant task. The company has also made some adjustments to the project requirements. The Budget is the same but the required completion date is now May 1, 2010.

  Neurological-psychological-neurodevelopment disorders

Therapies have come a long manner to help those with the neurological, psychological or the neurodevelopment disorders.

  Scientific knowledge-contributions-methodology

Descrbe the methodology which is used in the article (qualitative or quantitative)?

  Consists of a dilute aqueous solution of nutrients and cells

A fermentation broth consists of a dilute aqueous solution of nutrients and cells. As the cells grow, they cluster into spherical pellets of radius R(t). On average, the cell density inside a pellet is 0.02 mg of cell mass per mm3 of pellet volume.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd