Xero Degrees Restaurant Manager Interview Questions and Answers

FIFO stands for First In, First Out. It is a method used to manage inventory or stock, where the oldest items are sold or used first.

• FIFO ensures that perishable items are used before they expire.

• It helps in reducing waste and spoilage.

• In a restaurant, FIFO can be applied to ingredients, ensuring older stock is used first.

• For example, if a restaurant receives a new shipment of vegetables, the older vegetables should be...read more

Food cost refers to the total cost of ingredients and raw materials used to prepare a dish or menu item.

• Food cost includes the cost of all ingredients, such as meat, vegetables, spices, and condiments.

• It also includes the cost of any raw materials used in the preparation of the dish, such as cooking oil or flour.

• Food cost is calculated by adding up the cost of all ingredients and dividing it by the number of portions p...read more

P&L stands for Profit and Loss. It is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time.

• P&L is used to assess the financial performance of a business.

• It shows the net profit or loss generated by the business.

• Revenues from sales, as well as costs and expenses, are included in the P&L statement.

• It helps in identifying areas of improvement and making informed...read more