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A manager pays a monthly mortgage on a restaurant building. What type of “Other expense” is the amount paid for the mortgage?

If an operation achieved $8,000 in sales for one day and a labor cost of $1,760 for that same day, then the operation achieved a 22% labor cost.

An operation’s six-column food cost estimate will be most accurate when the operation’s beginning inventory is

Pricing beverages for open-bar receptions can often be challenging because

Occupancy costs in a foodservice operation are a non-controllable expense.

Cost of food sold is the actual amount of all food expenses incurred by an operation minus its cost of employee meals.

An operation has an expense that is 100% variable. If that operation’s sales volume decreases, the amount spent on this variable expense will

When managers take steps to empower their employees, these employees will have increased

It costs an operation $3.00 to produce a menu item. The operation sells the item for $12.00. As a result, the food cost percentage for this item is 20%.

What is the term used to describe the pricing of products with very different individual cost percentages to achieve a favorable overall product cost percentage?