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Inman Domain 3 & 4 Math Formulas - Questions with Explanations of Answers Latest Update 2024 £7.16   Add to cart
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Inman Domain 3 & 4 Math Formulas - Questions with Explanations of Answers Latest Update 2024
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Inman Domain 3 & 4 Math Formulas - Questions with Explanations of Answers Latest Update 2024

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  • June 16, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • inman domain 3 4 math formulas questions with

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Inman Domain 3 & 4 Math Formulas
Inventory turnover rate - ✅✅-COGS / inventory cost
Food Cost % - ✅✅-daily food cost / daily income or revenue
Food cost per meal - ✅✅-food cost per month/# meals per month

Food cost - ✅✅-Beginning inventory - ending inventory + food purchases

productivity ratio - ✅✅-output/input
ex - meals (output) / labor hours (input)

Labor cost per meal - ✅✅-TOTAL LABOR COST / TOTAL MEALS SERVED.
profit margin -✅✅-net income/net sales
Cost of sales - ✅✅-cost of the raw food and beverage sold

Gross profit - ✅✅-Revenue - COGS

Net profit - ✅✅-Sales revenue - total costs

payback period formula - ✅✅-add up cost of service
add up costs saved by buying new item
Divide costs of service by dollars saved

Budget projections - ✅✅ -1) determine actual cost for this year (n)
2) multiply (n) by expected increase for next year= (b)
3) b+n
4) total all costs




sales 1,500,000
labor this year=35%
projected increase=7%

1) 1,500,000 (.35)=525,000
2) 525,000 (.07)= 36,750
3) 525,000+36,750=561,750

break-event point of units sold - ✅✅-FC / SP - VC

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