Factors affecting menus and recipes for specific systems 5 1.3. Comparison of the cost and staffing implications for different systems. 6 1.4. Justification of the systems' suitability for specific food and beverage outlets 7 LO2, The financial controls employed in food and beverage operations 8 2.1 The use of financial statements in food and beverage operations. 8 2.2 Demonstration of the cost and pricing progress 9 2.3 Analyze the purchasing process 10 The demand of
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a. If you check the excel sheet Q1-Cost Based Calculation which is showing Prestige data company currently pays expenses, after closing the Data company, prestige phone company will have to pay these expenses because some of the services still going on and there is some fixed cost which have to be paid such as leasing installments. b. If you check the excel sheet Q1-Revenue&Cost Based Cal which is showing Prestige data company’s revenue and cost currently they have. Prestige Data
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occurred. For the recognition criteria, CF states that “ an entity recognises an item that meets the definition of an element if it is probable that any future economic benefit associated with the item will flow to or from the entity and the item has a cost or value that can be measured with reliability” (IASB, 2014). In this situation, the lottery ticket meets the definition of the asset. Because it can be traded in the secondary market and generate the inflows of the future economic benefit which is
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Marginalrevenue curve c. Average revenue curve d. Marginalcostcurve e. Profitcurve 8. To decrease BreakEvenpointonemust: the a. Increase fixed Cost the .b. Decrease unit contribution the c. Decroaso sellingprice the d. Increase variableCost e. Decrease fixed Cost 9. Rentto be paidfor a factoryp."ril", is an example of: a. Discretionary Cost b. Programmed Cost c.
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Need Answer Sheet of this Question paper, contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 FINANCIAL & COST ACCOUNTING Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition, ABC Ltd will have to incur costs of Rs 1
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the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity other than those relating to distributions to shareholders. • Note that under IFRS expenses include both those costs incurred in the normal course of operations, as well as losses that are not part of normal operations. This is in contrast to GAAP, which defines each separately. • • • IFRS 7-1: Some people argue that the internal control requirements of the
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Business Studies (Unit 3) | Corporate Objectives It is important that these goals are communicated across all levels of the organisation so that everyone is aware of what the business is trying to achieve. Common Corporate Objectives include… * Maximise Profit * Survival * Growth Once Corporate Objectives have been set, each functional area of a business will then set their own targets which reflect the overall Corporate Objectives of the business. Functional Objectives These
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Mohamed Fawzy Answer (question 1) The objective of this model is to decide optimal locations of home offices, and number of trips from each home office, so as to minimize the overall network cost. The overall network cost is a combination of fixed costs of setting up home offices and the total trip costs. There are two constraint sets in the model. The first constraint set requires that a specified number of trips be completed to each state j and the second constraint set prevents trips from
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Hampton Machine Tool Company, a profitable machine tool manufacturer, is trying to renew a 1 million dollar loan due September 30, 1979 until December 31, 1979. Through examination of the case, it is clear that Hampton will be unable to repay the loan; however, at first glance Hampton seems to be a profitable company that would be able to pain the loan on time and would not need more bank financing. Unfortunately, that is not the case. Hampton, by making a stock repurchase for which the loan was
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costing, all of the following statements are correct with respect to labor time and cost except: C. A machine operator performing routine annual maintenance work on a piece of equipment would charge the maintenance time to a specific job. Those hours should be charged to overhead For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system? B. A costume maker that makes specialty costumes
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