Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the main purpose of calculating a standard food co

The main purpose of calculating a standard food cost percentage is to: ...

50.1K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

W T Area 1 X U VX 18 in VW 10 in

Electrical Engineering
1.2K views

Reconstruct the original signal with a higher order low pass filter. Which Sampling method (Natural, Flat-top, Sample-and-hold)...

Biology
1.2K views

16 The following figure is generated from data collected from an experiment in which the...

Basic Math
1.2K views

K 10 18 6 10 8 6 4 2 4 2 2 6 8 10...

Calculus
1.2K views

The average cost for a company to produce x units of a product is given...

Calculus
1.2K views

Creamy Bugs Yogurt has found that the cost, in dollars per pound, of the yogurt...

Accounting
1.2K views

1. Rob and Laura had the following income and deductions during 2021: ...

Accounting
1.2K views

Suppose that Technology Incorporated wants to acquire Digital Corporation. Technology Incorporated makes a tender offer...

Accounting
1.2K views

Practice Question 54 Consider the following data for a corporation: Net income Preferred stock dividends...

Accounting
1.2K views

Thurman Corporation issued 560,000 shares of $0.50 par value capital stock at its date of...

Accounting
1.2K views

Use the case above to answer the question below! 1) Using...

Accounting
1.2K views

) Joe Carie, head accountant, is using the indirect method and the account balance from...