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CDM Exam (5).
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Exam of 4 pages for the course BIOLOGY PAPER 2 Solutions at BIOLOGY PAPER 2 Solutions (CDM Exam (5).)
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CDM Exam (5)What is an Operating Budget? - correct answer-All things you need to operate on a
daily basis.
- food/beverage costs, other supplies, and labor costs
What is a included in the "other supplies" of the operating budget? - correct
answer-chemicals to clean, paper products, dishes/silverware, and office supplies
What is a capital budget? - correct answer-budget for large equipment and any
renovations that need to be done. BIG purchases
What is the Inventory method of calculating food costs? - correct answer-take the
beginning inventory (the previous months'), add the purchases for the month, and
subtract the ending inventory
What is the Requisition method of calculating food costs?
When is the only time this method can be used? - correct answer-add the costs of
each requisition for the department. Only works if storeroom uses requisitions for
every item used.
What is the recipe method of calculating food costs? - correct answer-Add the costs
of the ingredients for a recipe and divide by the number of servings to get the cost
per serving,
What is the Record of purchases method of food costs?
What does it not take into account? - correct answer-Add up the totals of the month's
invoices.
DOESN'T take into account what was already in inventory
What is included when calculating the meal equivalent (# of meals per day)? -
correct answer-Meals served in cafeteria, any catering that was done, meals sold to
employees, any boxed meals prepared ahead of time, tube feedings, snacks, and
supplements
What will calculating the minutes per meal help you determine for your department? -
correct answer-This will help determine the number how many FTEs you need in the
department
How to calculate the meals per labor hour? - correct answer-Total meals served per
day divided by Labor hours worked in that day
What are five expenses to monitor regularly? - correct answer-- Employee's hours
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