Intro to Food Cost

Intro to Food Cost

12th Grade

10 Qs

quiz-placeholder

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Intro to Food Cost

Intro to Food Cost

Assessment

Quiz

Other

12th Grade

Hard

Created by

Ms. C. Clarke

Used 30+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The dollar amount or percentage of

food used in a given time period vs food sold for that same time period is known as what?

food sales

cost of goods

food cost

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the average food cost percentage for restaurants?

25% - 30%

20% - 25%

10%-20%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of Goods Sold (COGS) is the dollar amount of _________ _________during a particular time frame.

food sold

food used

fold bought

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the correct formula for cost of goods sold (COGS)?

beginning inventory + food sales - ending inventory

beginning inventory - purchases + ending inventory

beginning inventory + purchases - ending inventory

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How much money the restaurant made from the sale of food items during a specific time is known as what?

food inventory

food sales

food expenditure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where can information on total food sales in a restaurant be obtained?

food log bog

inventory receipt system

POS System

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For any given period, food inventory should usually be taken

at the same time

at different times

no time

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