Practice Test Geeks(CFSP) Certified Foodservice Professional Practice Test
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Cost Control Flashcards

7 cards from real CFSP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Cost Control flashcards as text

  1. A restaurant's food cost percentage is 34% with total food sales of $45,000. What is the cost of food sold?

    Answer: $15,300

    $45,000 × 0.34 = $15,300 cost of food sold.

  2. Which inventory valuation method assigns the cost of the most recently purchased items to goods sold first?

    Answer: LIFO

    LIFO (Last In, First Out) assumes the most recently purchased items are sold first.

  3. What does the term 'as purchased' (AP) weight refer to in foodservice cost control?

    Answer: Weight of food as it arrives before any processing

    AP weight is the weight of the food item as it is received before any trimming, cooking, or processing.

  4. A steakhouse purchases whole beef tenderloins at $12/lb AP. After trimming, the yield is 70%. What is the edible portion cost per pound?

    Answer: $17.14

    EP cost = AP cost ÷ yield % = $12 ÷ 0.70 = $17.14 per pound.

  5. Which of the following best describes a 'contribution margin' in foodservice operations?

    Answer: The dollar amount remaining after subtracting food cost from menu price

    Contribution margin is the selling price of a menu item minus its food cost, representing what it contributes to covering overhead and profit.

  6. A foodservice operation has fixed costs of $8,000/month and a contribution margin ratio of 40%. What sales volume is needed to break even?

    Answer: $20,000

    Break-even sales = Fixed costs ÷ Contribution margin ratio = $8,000 ÷ 0.40 = $20,000.

  7. What is the primary purpose of a daily receiving report in cost control?

    Answer: To record all incoming goods and verify quantities and prices against purchase orders

    A daily receiving report documents all incoming deliveries, verifying items, quantities, and prices match the purchase order to prevent discrepancies.