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Author Question: Managers estimate food costs by estimating expenses for a future period and dividing that amount by ... (Read 134 times)

berenicecastro

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on: Aug 20, 2020

Question 1

Last year a restaurant spent 35% of their revenue on their cost of food. Their food sales forecast for the coming year is $987,673. What will be their budget for the coming year for food cost?
◦ $345,685.55
◦ $350,487.32
◦ $356,823.54
◦ $347,567.87

Question 2

Managers estimate food costs by estimating expenses for a future period and dividing that amount by the amount of anticipated sales. This method of estimating food costs is known as the
◦ percentage of sales method.
◦ cost of sales method.
◦ simple markup method.
◦ average cost method.
ManageFirst: Controlling Foodservice Costs ¦ National Restaurant Association ¦ 2nd Edition
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Marked as best answer by berenicecastro on Aug 20, 2020

heinisk01

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Reply #1 on: Aug 20, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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berenicecastro

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Reply 2 on: Aug 20, 2020
Great answer, keep it coming :)

AmberC1996

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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