In a restaurant, the price of foods and beverages bought under ideal conditions and used as a standard for comparing actual costs is known as:

Name: In a restaurant, the price of foods and beverages bought under ideal conditions and used as a standard for comparing actual costs is known as:
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The potential cost is the price of foods and beverages bought under ideal conditions and used as a standard for comparing actual costs. This calculation can give a good indication of profit or loss in the long run.

In a Restaurant, the Price of Foods and Beverages Bought