1. In reviewing sales figures, what is the popularity index?

1. Name 3 of the 5 methods of valuing inventory and explain how each is calculated. (3)

1. Opening inventory: $10,000 / Purchases: $5,000 / Closing inventory: $8,700 / Sales: $25,000. What is the cost of food issued? What is the food cost percentage? (2)

1. The cost of food issued is not the same as cost of food consumed due to the food being used for things other than preparing meals for guests in a restaurant such as transfers to bars. Name two other possible adjustments that would have to be made to provide the operation with an accurate food cost. (2)

1. Name three ways that employee meals can be valued so the Chef gets his food credit. (3)

Answer rating: 100% (QA)

1 Popularity Index The popularity index is a metric used to measure the relative popularity or deman... View the full answer