Course: How to Manage Food Costing in the Catering and Restaurant Industry

Once you have calculated the recipe cost, the selling price per portion can be calculated using the following formula: Example: We have determined that the cost per portion is $3.57, …

Using the recipe costing sheet below, do the following: Calculate the cost of the recipe Calculate the cost of a portion, remember each portion takes 2 Crab Patties. You will …

Using the recipe costing that you did in step 2.8, calculate the selling price of the dish using a food cost percentage of 28%. You can download the answer here

Recipe ingredients must be measured precisely, especially in the bakery, and foods should be measured when served to control portion size and cost. The devices used to measure and portion …

Understanding how your inventory and food cost are related is exceptionally important. Today most large operations have the luxury of technology however smaller operations and those that have not adopted …

Before we start discussing food cost in more detail, lets explain the basic terms used in Food Costing: Food Cost: This is the total cost of food items that are …

Why do people open and run businesses? There are various reasons but, generally, it is to make a profit and be able to earn a living. Look at this scenario, …

Standardized recipes form the basis for the planning of the floor layout, the size, number and type of equipment and utensils needed, as well as the employees required for a …

Different types of catering operations have different types of costs that influence the ultimate profitability of the establishment. Catering establishments differ in their size, variety and types of menus, staff, …