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Registered Dietitian

Category - Management

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The prime cost method for setting a selling price for a food item involves which of the following? (Choose all that apply.)

Adding raw food costs and direct labor costs
Calculating a markup factor from the percentages of raw food and labor costs
Subtracting depreciation
None of the above

Explanation

Answers: A and B - The prime cost method for setting a selling price for a food involves adding raw food and direct labor costs, and adding a markup factor based on the contributions of raw food and labor costs to the total cost. Depreciation is not considered in the prime cost method.

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Registered Dietitian

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