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Daily Food Cost

Daily Food Cost

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Daily Food Cost

Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved

Learning Objectives
After reading this chapter, you should be able to: • 1. Calculate food cost for any one day and for all the days to date in a period. • 2. Calculate food cost percentage for any one day and for all the days to date in a period. • 3. Prepare a daily report of food sales, food cost, and food cost percentage. • 4. Determine book inventory value. • 5. Explain the difference between book inventory a
Daily Food Cost

Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved

Learning Objectives
After reading this chapter, you should be able to: • 1. Calculate food cost for any one day and for all the days to date in a period. • 2. Calculate food cost percentage for any one day and for all the days to date in a period. • 3. Prepare a daily report of food sales, food cost, and food cost percentage. • 4. Determine book inventory value. • 5. Explain the difference between book inventory a

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Published by: Muhammad Salihin Jaafar on Mar 04, 2010
Copyright:Attribution Non-commercial

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11/25/2012

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Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved
Daily Food Cost
 
Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved
Learning Objectives
After reading this chapter, you should be able to:
1.
Calculate food cost for any one day and for all the days to datein a period.
2.
Calculate food cost percentage for any one day and for all thedays to date in a period.
3.
Prepare a daily report of food sales, food cost, and food cost percentage.
4.
Determine book inventory value.
5.
Explain the difference between book inventory and actualinventory.
6.
Identify various causes for differences between book inventoryvalue and actual inventory value.
 
Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved
Determining Daily Food Cost
All foods can be categorized as either directs or stores in food control, the total costs for these twoare the two basic components of the daily foodcost.
As discussed earlier, directs are charged to foodcost as received. Therefore, to determine food costfor any given day, one must know the total of directs received on that day. This figure is readilyavailable if the Receiving Clerk's Daily Report or a similar form is completed each day.

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