unit 9 DB food Effective money management begins with a comparison of the actual money spent...

unit 9 DB food

Effective money management begins with a comparison of the actual money spent versus what is in the budget. The budget process is a series of steps if followed, will produce an equitable distribution of the company’s revenue and expenses. A foodservice budget has factors that should be considered such as food costs, salaries, equipment, maintenance, utility services and taxes. The budget should be completed in advance of the first fiscal billing cycle.

Topic: Applying Budgetary Considerations and Leadership

Make sure to title each response as Part A or Part B.

Part A: The Food Truck

You are the owner of several food trucks in the nearest city to you. You serve gourmet desserts, pastries, and coffee around the city. Explain the following:

Why would it be important to communicate production standards to your employees?
What would be necessary to ensure that employees apply required portion sizes?

Expert Solution

It is important to communicate production standards to employees since all the budgetary calculations and maths are based considering the standards developed. It is also necessary that the output of every employee remains the same and there are no variations in the output. This helps in standardizing the process and the outputs. If outputs vary, then there will be a differential in the financials and it would be difficult to forecast and create budgets.For eg: the amount of onions to be put in a product, if it varies from employee to employee, then it will be difficult to predict the daily requirements and we may end up buying more onions.

It is necessary that employee apply the required portion sizes since the costing is done based on the portion sizes. More portions will cost more while less portions will cost less. Also, as per the preference of customer, the portions need to be served. Therefore, it is important that a standardized portions are fixed upon and served. Also, if left to employees, portions sizes may vary depending upon personal preferences of the employee. Therefore, it is important that employees apply required portion sizes.

keosha answered 1 month ago

unit 6 DB food The purchasing function is responsible for identifying the operational needs of the...

unit 6 DB food The purchasing function is responsible for identifying the operational needs of the organization, negotiating, determining product specifications, and working with and choosing vendors. Managers are charged with making the appropriate buying decisions in an ethical and professional manner. Topic: Purchasing and Technology You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class regarding either videos or viable information regarding blockchain technology....

unit 7:1 DB Food Food and beverage managers use various purchasing methods to control inventory, reduce...

unit 7:1 DB Food Food and beverage managers use various purchasing methods to control inventory, reduce waste, and build vendor relations. The way materials are processed through the operation, including receiving and storage is vitally important not only to the efficient and profitable operation of the eatery, but also for quality control and health reasons. Topic 1: Receiving and Storage Proper purchasing, receiving, and storage of food and beverage items is critical to a food and beverage department’s or eateries’...

Question 9 2.5 pts The price paid for money is Group of answer choices the actual...

Question 9 2.5 pts The price paid for money is Group of answer choices the actual payment made by the borrower to the lender. the amount borrowed from the lender. the interest rate charged by the lender. the principal and interest rate charged by the lender. There is no price paid for money as it is not for sale. Flag this Question Question 10 2.5 pts When the supply of money saved exceeds the demand for money, then banks will...

This activity is important because it covers important terms for effective money management.

Building a Financial Base This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.

Question