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Food Costing and Control

Description: Food Costing and Control Quiz
Number of Questions: 15
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Tags: food costing food control restaurant management
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What is the primary purpose of food costing?

  1. To determine the profitability of a dish or menu item

  2. To ensure that food is prepared and served in a consistent manner

  3. To prevent food waste and spoilage

  4. To comply with government regulations

Show answer
Correct Option: A
Explanation:

Food costing is the process of calculating the cost of a dish or menu item, including the cost of ingredients, labor, and overhead. This information is used to determine the profitability of the dish or menu item and to make decisions about pricing and menu design.

Which of the following is not a component of food cost?

  1. Cost of ingredients

  2. Cost of labor

  3. Cost of overhead

  4. Cost of marketing

Show answer
Correct Option: D
Explanation:

Food cost includes the cost of ingredients, labor, and overhead. Marketing costs are not included in food cost.

What is the difference between direct and indirect food costs?

  1. Direct food costs are the costs of ingredients that are used directly in the preparation of a dish, while indirect food costs are the costs of ingredients that are used indirectly, such as spices and condiments.

  2. Direct food costs are the costs of ingredients that are used in the preparation of a dish, while indirect food costs are the costs of labor and overhead.

  3. Direct food costs are the costs of ingredients that are used in the preparation of a dish, while indirect food costs are the costs of marketing and advertising.

  4. Direct food costs are the costs of ingredients that are used in the preparation of a dish, while indirect food costs are the costs of packaging and shipping.

Show answer
Correct Option: A
Explanation:

Direct food costs are the costs of ingredients that are used directly in the preparation of a dish, such as meat, vegetables, and cheese. Indirect food costs are the costs of ingredients that are used indirectly, such as spices, condiments, and garnishes.

What is the formula for calculating food cost percentage?

  1. Food cost percentage = (Cost of goods sold / Total revenue) x 100

  2. Food cost percentage = (Cost of ingredients / Total revenue) x 100

  3. Food cost percentage = (Cost of labor / Total revenue) x 100

  4. Food cost percentage = (Cost of overhead / Total revenue) x 100

Show answer
Correct Option: A
Explanation:

Food cost percentage is calculated by dividing the cost of goods sold by the total revenue and multiplying by 100. The cost of goods sold includes the cost of ingredients, labor, and overhead.

What is a target food cost percentage?

  1. A target food cost percentage is the percentage of total revenue that a restaurant aims to spend on food costs.

  2. A target food cost percentage is the percentage of total revenue that a restaurant aims to spend on labor costs.

  3. A target food cost percentage is the percentage of total revenue that a restaurant aims to spend on overhead costs.

  4. A target food cost percentage is the percentage of total revenue that a restaurant aims to spend on marketing costs.

Show answer
Correct Option: A
Explanation:

A target food cost percentage is the percentage of total revenue that a restaurant aims to spend on food costs. This percentage is used to set prices and to control food costs.

What are some strategies for reducing food costs?

  1. Negotiating with suppliers for lower prices

  2. Using less expensive ingredients

  3. Reducing portion sizes

  4. Improving inventory management to reduce waste

  5. All of the above

Show answer
Correct Option: E
Explanation:

There are a number of strategies that restaurants can use to reduce food costs, including negotiating with suppliers for lower prices, using less expensive ingredients, reducing portion sizes, and improving inventory management to reduce waste.

What is the difference between FIFO and LIFO inventory management?

  1. FIFO (First In, First Out) means that the oldest ingredients are used first, while LIFO (Last In, First Out) means that the newest ingredients are used first.

  2. FIFO (First In, First Out) means that the oldest ingredients are used first, while LIFO (Last In, First Out) means that the most expensive ingredients are used first.

  3. FIFO (First In, First Out) means that the least expensive ingredients are used first, while LIFO (Last In, First Out) means that the most expensive ingredients are used first.

  4. FIFO (First In, First Out) means that the oldest ingredients are used first, while LIFO (Last In, First Out) means that the ingredients are used in the order that they are purchased.

Show answer
Correct Option: A
Explanation:

FIFO (First In, First Out) means that the oldest ingredients are used first, while LIFO (Last In, First Out) means that the newest ingredients are used first. FIFO is the preferred method of inventory management because it helps to prevent spoilage and waste.

What is the purpose of a recipe costing sheet?

  1. To calculate the cost of a dish or menu item

  2. To ensure that food is prepared and served in a consistent manner

  3. To prevent food waste and spoilage

  4. To comply with government regulations

Show answer
Correct Option: A
Explanation:

A recipe costing sheet is used to calculate the cost of a dish or menu item. This information is used to determine the profitability of the dish or menu item and to make decisions about pricing and menu design.

What are some common mistakes that restaurants make in food costing?

  1. Not including all of the costs of a dish or menu item in the food cost calculation

  2. Using outdated or inaccurate ingredient prices

  3. Not taking into account the cost of labor and overhead

  4. Not adjusting food costs for changes in the market

  5. All of the above

Show answer
Correct Option: E
Explanation:

There are a number of common mistakes that restaurants make in food costing, including not including all of the costs of a dish or menu item in the food cost calculation, using outdated or inaccurate ingredient prices, not taking into account the cost of labor and overhead, and not adjusting food costs for changes in the market.

What is the importance of food costing and control in a restaurant?

  1. It helps to ensure that the restaurant is profitable

  2. It helps to prevent food waste and spoilage

  3. It helps to ensure that food is prepared and served in a consistent manner

  4. It helps to comply with government regulations

  5. All of the above

Show answer
Correct Option: E
Explanation:

Food costing and control is important in a restaurant because it helps to ensure that the restaurant is profitable, prevents food waste and spoilage, ensures that food is prepared and served in a consistent manner, and helps to comply with government regulations.

Which of the following is not a method of food costing?

  1. Standard costing

  2. Actual costing

  3. FIFO costing

  4. LIFO costing

Show answer
Correct Option: C
Explanation:

FIFO costing is a method of inventory management, not a method of food costing.

What is the difference between standard costing and actual costing?

  1. Standard costing uses estimated costs, while actual costing uses actual costs.

  2. Standard costing uses average costs, while actual costing uses specific costs.

  3. Standard costing is more accurate than actual costing.

  4. Actual costing is more accurate than standard costing.

Show answer
Correct Option: A
Explanation:

Standard costing uses estimated costs, while actual costing uses actual costs. Standard costing is often used for budgeting and planning purposes, while actual costing is used to track actual costs and to evaluate the performance of a restaurant.

What is the purpose of a food cost variance report?

  1. To identify the difference between the actual cost of a dish or menu item and the standard cost

  2. To identify the reasons for the difference between the actual cost of a dish or menu item and the standard cost

  3. To take corrective action to reduce the difference between the actual cost of a dish or menu item and the standard cost

  4. All of the above

Show answer
Correct Option: D
Explanation:

A food cost variance report is used to identify the difference between the actual cost of a dish or menu item and the standard cost, to identify the reasons for the difference, and to take corrective action to reduce the difference.

What are some common reasons for food cost variances?

  1. Changes in the cost of ingredients

  2. Changes in the cost of labor

  3. Changes in the cost of overhead

  4. Errors in food costing

  5. All of the above

Show answer
Correct Option: E
Explanation:

There are a number of common reasons for food cost variances, including changes in the cost of ingredients, changes in the cost of labor, changes in the cost of overhead, and errors in food costing.

How can food cost variances be controlled?

  1. Negotiating with suppliers for lower prices

  2. Using less expensive ingredients

  3. Reducing portion sizes

  4. Improving inventory management to reduce waste

  5. All of the above

Show answer
Correct Option: E
Explanation:

There are a number of ways to control food cost variances, including negotiating with suppliers for lower prices, using less expensive ingredients, reducing portion sizes, and improving inventory management to reduce waste.

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