The main purpose of calculating a standard food cost percentage is to: a.Know in
ID: 2510273 • Letter: T
Question
The main purpose of calculating a standard food cost percentage is to:
a.Know in advance what the actual food cost will be
b.Be able to calculate the food cost each day
c.Have a figure against which actual food cost can be compared
d.Be able to calculate in advance what the gross profit will be
a.Know in advance what the actual food cost will be
b.Be able to calculate the food cost each day
c.Have a figure against which actual food cost can be compared
d.Be able to calculate in advance what the gross profit will be
Explanation / Answer
A Standard Cost has been described as a Predetermined cost, an estimated future cost, an expected cost, a budgeted unit cost, a forcast cost or should be cost. So the Answer is know the advance what the actual food cost will be A
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