4. Finance and Accounting
Costing And Controls — Quiz
Test your understanding of costing and controls with 5 practice questions.
Practice Questions
Question 1
Which of the following is classified as an indirect cost for a hotel's housekeeping department?
Question 2
Which advantage does activity-based costing provide over traditional costing methods in a hotel context?
Question 3
If a hotel has fixed monthly costs of \120{,}000, an average room rate of \150 per night, and variable costs of \$50 per occupied room, how many room-nights must be sold to break even?
Question 4
A restaurant's actual sales are 1500 meals while its break-even sales volume is 1200 meals. What is the margin of safety as a percentage of actual sales?
Question 5
Which of the following is an example of a detective control in a hotel's cash management process?