Activity-based costing in restaurants 1. Introduction Interest in cost and management accounting practices in the restaurant industry is rising (Raab et al.‚ 2009; Annaraud et al.‚ 2008). Pavesic (1985) has initiated research in pricing and cost accounting for restaurants‚ introducing the concept of profit factor (PF) in menu engineering (ME). Prior studies‚ such as the one presented in Chan and Au (1998) investigate the implications of not incorporating overhead costs in menu-item profitability
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buying yourself some really good maternity coats and jackets: When a woman gets pregnant‚ her body changes in many ways. One of the most common changes that one would notice is the increasing size of the belly. Thus a woman may need to go for some different clothing options‚ such as the maternity clothing. These maternity clothing do have different sizes that will perfectly fit your pregnant body. One very popular maternity clothing item is the coats and jackets‚ pregnant women need to invest in the
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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While there are many reasons that women should practice safety when dating‚ there are some common sense reasons for men too. The Internet is still the wild‚ wild west of dating‚ so you should make sure you’re being safe‚ careful and using common sense. 1. Take Your Time When you’re looking for sexy Russian women‚ you need to take your time and weed out the prospects that might not be right for you. This involves taking the time to get to know them before jumping into an offline meeting. 2. Don’t
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Florence! At Florence we walked like the ironman race‚ a lot of miles to get to our destiny. It was the first time I used a train‚ a really fast train! It was awesome! We enjoyed the view of the place‚ the wineries‚ the houses‚ everything was pretty. When we where at Florence it was Easter celebration‚ we saw all the Catholic rituals and it was amazing to see all the people getting together to celebrated that holiday‚ a lot of people celebrating the same. As usual‚ we walked a lot every day. In the
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point Expenditures capitalized as long-lived assets generally include those expenditures that: 1) are made for normal repairs to maintain the usefulness of the asset over a number of years. 2) are for items that have a physical life of more than a year‚ regardless of their cost. 3) are material and that have an economic benefit to the entity only in the current year. 4) are material and that have an economic benefit to the entity that extends beyond the current year. Question
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Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does
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Provide real-world examples of activities where each dependency type is used: finish-to-start‚ start-to-start‚ finish-to-finish‚ and start-to-finish. Finish-to-Start: the most common causal relationship hence no explanation is necessary for its usage. Start-to-Finish: Rarely used but is useful when developing a schedule backwards from a fixed end date. Start-to-Start: this represents a true relationship between two activities and has nothing to do with their predecessors. If I happen to have
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extraordinary items‚ and cumulative effects of changes in accounting principles. In this study we investigate the relative ability of comprehensive income and net income to summarize firm performance. Per statement of financial accounting standards no. 220 (SFAS 220-10-2)‚ if used with related disclosure and other information in the financial statements‚ the information provided by reporting comprehensive income should assist investors‚ creditors‚ and others in assessing an entity’s activities and the
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Research Report Leisure activities Abstract Leisure activities play a significant role in daily life of overseas students who have heavy burden of study. The purpose of this study was dissect the attitude of international students for leisure activities and examined the reason why they changed their leisure activities after coming to Australia. A questionnaire was designed collectively and distributed to fifty students from the UWS College. The findings indicated that majority of international
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