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What is the formula of food cost?

Charlotte Lee | 2023-05-07 15:01:58 | page views：1521
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Chloe Brooks

Studied at Columbia University, Lives in New York City. Currently working as a fashion designer for a luxury brand.
That number is divided by your sales and a percentage of sales is calculated for the cost. So when we say you have a food cost of 40% that means you spent .40 for every dollar you took in sales. Example Your data: $10,000 beginning inventory, $2,000 in purchases, $10,500 ending inventory, $5,000 in sales.
2023-05-09 15:01:58
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Alexander Clark

QuesHub.com delivers expert answers and knowledge to you.
That number is divided by your sales and a percentage of sales is calculated for the cost. So when we say you have a food cost of 40% that means you spent .40 for every dollar you took in sales. Example Your data: $10,000 beginning inventory, $2,000 in purchases, $10,500 ending inventory, $5,000 in sales.
Tips and Tools for Controlling Your Food Cost: How to Calculate Food ...
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