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

  Survivors in the specific natural disaster

Provide three PTSD-related early interventions that might contribute to the stabilization of survivors in the specific natural disaster you chose.

  Administrative agencies must be open to public observations

With some exceptions, every portion of every meeting of the environmental Protection Agency and other federal administrative agencies must be open to public observations under:

  Sets of symptoms more common in some societies

Sets of symptoms more common in some societies are called- culture-bound syndromes.  societal syndromes.  culture-clash syndromes. secular syndromes.

  Describe a real geographic location

Describe a real geographic location where you would build and manage a tourist destination. This description must include your target audience (singles, families, straight, gay), how you would market your destination, and what you would do to make it..

  Testimony of investigator and officer''s court

Find a current or past court trial (via Internet or television) where an investigator or officer is called to testify. Evaluate the officer's role and if he/she follows the guidelines.

  National crime victimization survey

The National Crime Victimization Survey sends out yearly surveys to households across the country. It is voluntary and the purpose of the surveys is intended to obtain information from individuals who have been victimized that may have not reported t..

  Perspective of geopolitics-what policies might you consider

Pretend you are making policy for the U.S. What policies might you consider? What are the advantages and disadvantages of each? Which ones would you choose, and why?

  Investor in small businesses

You are an investor in small businesses, and you have three business plans on your desk. Choose one of the potential business owners listed. Explain why you think that would be the best bet for an investment.

  Create list for an interviewing strategy

Create list for an interviewing strategy. Assume that you are in charge of creating the interviewing strategy for your current or most recent workplace.

  Competencies in health promotion and disease prevention

Assessing the behavioral, social and cultural determinants of health and their impact on the health status of populations.

  Same sex marriages

Do you think one reason people oppose same sex marriages is that no procreation will take place?

  Traditional flood story-hebrew bible

The Hebrew Bible have parallels with other "scriptures" from the ancient world. Consider the flood story in each tradition: read the different versions of the flood story. How are they different? How are they the same? Discussing what this suggest..

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