Beruflich Dokumente
Kultur Dokumente
What is cost?
Types of costs
Fixed costs
Variable costs
Fixed Costs
Variable Costs
Semi-Variable Costs
Cost concepts
Historical
Planned
Cost control
Controllable Cost
Meeting goals
Delegated task being carried out
Assess the effect of changes necessitated by
the economy
Identifies where problem is occurring.
Helps in identifying mistakes and lead to
actions to correct the mistakes.
Considerations in Designing a
Control System
Accuracy
Timeliness
Objectivity
Consistency
Priority
Cost
Flexible
Acceptability
Standard recipes
Standard yields
Purchase specifications
Advantage
Purchase Specifications
Disadvantages
Time to create .
Time to monitor.
Specification establishes the minimum quality
expected, which may over time become the
max./Best quality being purchased.
Standard Recipe
Summary of :
Ingredients
Quantity
Preparation procedures
Portion size
Garnish
Standard Recipe
Advantages
Standardized preparation.
Less supervision.
Scheduling production is easier.
Disadvantages
Loss of creativity.
Standard Yields
Costs
Costs
Profit
Example
30000
25000
Net Profit
Total expenses
20000
Total sales
15000
BEP
10000
Loss
Fixed expenses
5000
100
200
300
No Of Covers
400
500
600