HA355 : The Class : Financial Statement : Cost Accounting

Topic 4: Food Cost Accounting Systems

Objectives:
Upon completion of this topic:

You will understand the definition of food cost accounting,
You will understand how to calculate food cost of sales,
You will understand the use of the food cost of sales percent,
You will understand the history of food cost accounting and its relationship to factory cost accounting,
You will understand different methods for keeping track of daily food costs,
You will understand the standard food cost accounting system method,
You will understand how to calculate and use the variance gain or loss and the inventory gain or loss.

To complete this Topic successfully, please complete the following activities in the order shown below:

TEXTBOOK READING : Read Texbook, Chapter 21.

ON-LINE LESSON 1: Food Cost Accounting Systems

ASSIGNMENT: Answer the Review Questions.

ASSIGNMENT: Food Cost Accounting Problem

Go on to Moudle 3: Labor Control
or
Go back to Module 2: Financial Statement and Analysis

Send E-mail to Marja Verbeeten
or call (928) 523-1921

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