Intro to Food Cost

Quiz
•
Other
•
12th Grade
•
Hard
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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