Exam 9: Food, Recipe, and Labor Costing

Labor cost is calculated in every pay period and recorded as _____.

____________________ ____________________ are defined as the total moneys needed to pay all the employees who create, make, and serve food to the guests.

A ____________________ ____________________ records when the employee reports to work and again when he or she leaves for the day.

Wages refer to payment set for a week, month, or year.

It is important in any business venture to know your cost before establishing a selling price.

Total Cost = Yield * Unit Cost.

Labor costs are moneys spent to prepare any and all products used in an individual recipe or an entire meal.