Chapter 1 The importance of Cost Control by Kennylyn C Miranda (GCC INSTRUCTOR) https://padlet.com/kcmiranda1/t956c1767u9c8k7p Made with a bold sensibility en-us 2021-08-16 06:57:40 UTC 2026-03-16 02:35:24 UTC hello@padlet.com Define COST & PROFIT kcmiranda1 https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680069845 2021-08-16 07:00:06 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680069845 cost and profit https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680070947 cost = anything that deals with spending money 

profit = is the remaining financial gain of money ]]> 2021-08-16 07:01:02 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680070947 cost - an amount that has to be paid or spent to buy or obtain something https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680071268 profit - is a financial gain.

]]> 2021-08-16 07:01:20 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680071268 Definition of cost and profit https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680071980 profit is what you have left once all expenses are paid, while cost is the amount of something that you want to acquire ]]> 2021-08-16 07:02:00 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680071980 Difference between cost and profit https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680072117 Cost is the amount of money needed to pay for expenses such as ingredients, equipment, kitchen tools, etc.

Profit is the money gained after paying for all the expenses (rent, utilities, equipment, etc)]]> 2021-08-16 07:02:08 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680072117 Profit is when pay all expenses. https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680072684 Cost is all the equipment needed in the kitchen ]]> 2021-08-16 07:02:43 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680072684 Cost and Profit https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680073014 Definition  of cost and profit.
PaidCost is something you spend on and is the remainingafter all are Paid


]]> 2021-08-16 07:03:04 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680073014 Cost - a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. Profit - a financial gain. https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680074132 2021-08-16 07:04:14 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680074132 total cost savings https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680079903 1.) $8,910]]> 2021-08-16 07:10:14 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680079903 total cost savings w/additional $0.10 per customer https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680081486 2.) $14,850]]> 2021-08-16 07:11:43 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680081486 Total cost saving https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680082649 165x 360= 59,400 x 0.15 = $8,910]]> 2021-08-16 07:12:49 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680082649 Savings at $0.15 and $0.10 per customer https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680082919 $0.15 per customer=$8,910
$0.25 per customer=$14,850]]> 2021-08-16 07:13:05 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680082919 https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680085615     165
x 0.15
———-
24.75
x  0.15
———-
$8,910

]]> 2021-08-16 07:15:42 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680085615 fixed vs variable https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680095377 fixed costs are expenses that are consistent and never changing 

variable cost are expenses that CHANGE based on business volume ]]> 2021-08-16 07:26:02 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680095377 fixed cost and variable cost https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680095748 fixed cost: remains the same regardless of sales volume.
(example: rent, insurance)

variable cost: costs that increase and decrease in direct proportion to sales.
(example: labor costs for staff; hourly wages; cutting hours)]]> 2021-08-16 07:26:24 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680095748 fixed cost - are cost that remain the same. https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680096418 variable cost - are cost that increases or decreases. ex. reduced hours ]]> 2021-08-16 07:27:15 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680096418 Fixed cost are same rate don’t change. https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680096501 Variables cost hourly wages employee, food, supplies]]> 2021-08-16 07:27:21 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680096501 Fixed & Variable costs https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680097525
Fixed 
•insurance
•rent bill
•phone bill 
•car bill
•water/power bill

Variable is when a company credits card fees, expenses and rise or fall sales.]]> 2021-08-16 07:28:11 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680097525 Fixed Cost vs. Variable Cost https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680098254 Fixed Cost-Prices do not change regardless of sales volume (Ex. Insurance payments, loan payments)

Variable Cost- Costs that increase or decrease in direct proportion to sales. (Ex. Wages and commision)]]> 2021-08-16 07:28:54 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680098254 Fixed and variable Cost https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680099282 Fixedsit remains the same regardless of sales volume. 
Example, rent insurance and car payment 
Variable Cost that increases and decreases in direct
Proportion to sales
Examples, food, supplies, labor (hourly)]]> 2021-08-16 07:29:59 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680099282 category list - Bella https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680109559 controllable 
- food cost 
- manager salaries and hourly wages 
- production supplies 

non controllable 
- rent and insurance 
- repairs and maintenance 
- electricity ]]> 2021-08-16 07:40:21 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680109559 eya https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680110320 FOOD COST- CONTROLLABLE
RENT & INSURANCE- NON
MANAGERS SALERIES HOURLY WAGES-CONTROLLABLE
REPAIRS AND MAINTENCE- NON
PRODUCTION SUPPLIES- CONTROLLABLE
ELECTRICITY-NON

]]> 2021-08-16 07:41:05 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680110320 janel https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680111226 Controllable:
- food cost
- manager's salaries & hourly wages
- production supplies

Noncontrollable:
- rent & insurance
- repairs and maintenance
- electricity]]> 2021-08-16 07:42:03 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680111226 Categorize listed Costs Joseph Pabunan https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680112011 Food costs- Controllable Costs
Rent and Insurance- Non-controllable Costs
Manager's Salaries and Hourly Wages- controllable
Repairs and Maintenance- Non-controllable
Production Supplies- Controllable
Electricity- Controllable]]> 2021-08-16 07:42:55 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680112011 food cost- Controllable cost https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680112745 Rent & insurance- non con
Manager’s salary & hourly wages-controllable 
Repair & maintenance-non
Product supplies-controllable 
Electricity- non


]]> 2021-08-16 07:43:42 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680112745 https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680113072 Controllable 
- food cost
- hourly wages
- production supplies

Non-controllable
- rent & insurance 
- fees
- repairs & maintenance  



Jeanel🥊]]> 2021-08-16 07:44:06 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680113072 Categorize listed cost review dame https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680116190 1. Food cost- controllable   
2. Rent Insurance- non controllable
3. Managers salary and hourly controllable
4. Repairs and maintenance 
- controllable non
S-controllable
6.

']]> 2021-08-16 07:48:01 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680116190 classifying costs - Bella and Joseph https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680119386 1. fixed cost - controllable 
*variable -non controllable 

2. fixed cost- controllable

3. variable - non-controllable 
*fixed 

4. variable - non controllable 

5. variable - controllable ]]> 2021-08-16 07:51:20 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680119386 CLASSIFY THE COST: ALBERT, JANEL, EYA https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680124574 1. VARIABLE COST - NON CONT
2. SEMI VARIABLE - CONT
3. FIXED - NON 
4.FIXED - NON
5. FIXED- NON

]]> 2021-08-16 07:56:38 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680124574 Dame Jeanel https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680131345 1. Non controllable variable cost
2. Controllable fixed
3. Non controllable 
4. Non controllable
5. controllable variable and semi ]]> 2021-08-16 08:04:35 UTC https://padlet.com/kcmiranda1/t956c1767u9c8k7p/wish/1680131345