0
This is the cost of a menu item including all the ingredients served with the dish divided by the sales price before tax. This is a theoretical food cost used to forecast your budget and determine what price to sell items at.
2) Period End Food Cost = (beginning food inventory + food purchases - food credits - ending food inventory) / sales price
This is the actual food cost for the restaurant for any given period of time (monthly, weekly, etc.) This is an actual food cost which will include "hidden" costs such as waste, theft, over-portioning and a host of other issues which can affect a restaurant's food cost.
For more information, visit the Related Links.
Add your answer:
Earn +20 pts
What formula do you use to determine the volume of rectangular solid?
The formula used to calculate the volume of a recrangular solid is:L*W*H=V
What formula do you uset determine the volume of a rectangular solid?
The formula used to calculate the volume of a rectangular solid is: L*W*H=V
What formula is used to determine the area of a room?
For a room that is a rectangle, multiply length times width.
What is used to calculate by using standard formula to show the cost of a loan?
annual percentage rate
How do you determine the mass of an irregular shaped object using displacement method?
The displacement method is used to determine volume. However, if you know the density, the displacement test can give volume, which is used to work out mass by the formula m = dV
What formula is used to determine if a vehicle is a total loss?
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car
Formula for depreciable cost?
Depreciable cost is calculated by subtracting the salvage value of an asset from its original cost. The formula for depreciable cost is: Depreciable Cost = Original Cost - Salvage Value. This calculation is used to determine the amount of an asset's cost that can be depreciated over its useful life.
What formula is used to determine if a vehicle is a total loss in Texas?
If the cost to repair is more than the vehicle is worth to replace then it is considered totaled.
What is the formula used to determine momentum?
p=mv
Which formula should not be used to determine the volume of the prism?
V = Bh
What is the Definition of food cost?
It depends on who it is being applied to. The consumer or the manufacturer. Consumer: The monetary amount require to purchase food from a distributor. Manufacturer: Amount of money it cost to grow, manufacturer, harvest, or catch the food item plus its cost of labor and shipping that it takes to reach the consumer.
Why cost accounting is used instead of financial accounting?
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
What equation is used to determine total cost?
The equation used to determine total cost is as follows: Total Cost = Fixed Cost + (Average Variable Cost) x Output. The equation to find total cost of a number ("q') of units is: C(q)= 100 + 2q.
What is a formula used to determine cost of bar drinks?
There is really no definite formula for figuring out what the cost of drinks are at a bar. Typically the drinks cost what the ingredients would cost you at a grocery store plus the cost to make it. So depending on where you get the drink it could cost anywhere from 6dollars to 10 dollar depending on how much the bar charges for the labor of making the drink.
What is used to determine the number if each atom in an ionic formula?
The charges of the ions are used to determine the number of each atom in an ionic formula. The charges must balance to ensure that the overall compound is electrically neutral. Cross-multiplying the charges of the ions helps to determine the subscript of each atom in the formula.
What items are used to calculate cost of living?
Typical items used to calculate the cost of living include housing costs, food prices, transportation expenses, healthcare costs, education expenses, and recreational activities. These items are used to determine the average cost of maintaining a certain standard of living in a specific location.
What is the weber fraction?
A formula used to determine the minimum threshold of perceived change
