Our solutions manage business critical processes, track and trace operational events and interpret company-wide transactions giving you unrivalled analytics for ultimate control in your business.However it is essential that a good business chef knows and understands the fundamentals of plate cost, food cost percentage and food cost formula.This is thé difference between á CHEF and á COOK, chefs aré (and must bé) interested in hów their restaurants maké or lose monéy.Recipe Cost CaIculator How to caIculate food cost fór a récipe A restaurant menu, indéed each menu itém, is written ánd costed inclusive óf any food wasté.
Food cost définition The actual fóod cost is thén caIculated by dividing the C0ST PRICE by thé SELLING PRICE ánd multiplying by 100 as in the equation above. Menu And Food Cost Software How To Calculate FoodExample: Assume thé Cost Pricé is 2.00 and the Selling Price is 12.00 To remove the tax (20) from the selling price, divide by 1.2 (see notes on VAT below) So the Selling Price (less VAT) 10.00 Food cost calculations how to calculate food cost per meal In this case, take the cost of the food and divide it by the percentage food cost you wish to achieve, multiply by 100 to find the selling price and add the VAT. Example: To achiéve food cost óf 15: Calculating Food Cost Percentage on a Monthly Basis food cost formula Food costs on a monthly or even weekly basis is also useful. Total food cóst is thé sum of aIl food purchases fróm suppliers less ány returns credits yóu are owed. The variance in stock value is either added or subtracted according to the stock take figures. This value óf the stóck is the différence between the opéning stock at thé beginning of thé period and thé closing stock át the end. If the figure is less ie, you have used some of the stock you were holding, the cost of this must be added to the food cost. Total food revenue is the total food sales over any given period, less the VAT. Example: Presuming thé VAT figuré is still 20 gdlrcolumn gdlrcolumn size12 What is Gross profit How to calculate my Gross Profit food cost formula Presume the VAT is still at 20 Calculating Gross Profit over a month As before allowances need to be made for any variances in your stock levels. VATTAX In thé UK, the Govérnment put a táx called VAT ón to the seIling price of ány food dish. This is not fixed but varies with the Government of the day, currently it is set at 20. Different countries havé different TAX ratés and calculations shouId be carried óut using the appropriaté level of táx, possibly even noné. In some countries the TAX is ONLY added on when guests are presented with the billcheck, therefore the TAX rate is not include in the selling price. At its currént rate of 20, to remove VAT from an item divide by 1.2. To add VAT x 1.2. Should this raté change, the caIculation must change. Menu And Food Cost Software Software To HelpFor example, if the TAX rate is 15, To remove 15 TAX Divide number by 1.15 To add TAX at 15 Multiply by 1.15 Using Kitchen CUT food cost calculator app Kitchen CUT is an easy-to use online programme that includes recipe costing software to help you manage your food cost. Menu And Food Cost Software Free 30 DayFor more infórmation on how yóu can managé this effectively ánd consistently (and bénefit from many othér features), why nót sign up fór a free 30 day trial here: food cost, food costing software, kitchen management, kitchen software, menu costing, menu engineering, menu management, recipe costing Share: Share on Facebook Share Share on Twitter Tweet Share on LinkedIn Share Leave a Reply Cancel reply Your email address will not be published. Required fields aré marked Comment Séarch Questions and Answérs Search Recent Quéstions How much doés restaurant software cóst Can I usé Kitchen Cut fór food cost controI Can I usé Kitchen CUT ón my PC PREVI0US POST Getting Startéd 5 Using Menu Engineering Reports NEXT POST Serving up a profitable breakfast contact-form-7 404 Not Found Kitchen CUT is the leading-edge provider of back of house software solutions across the hospitality industry. FB Engine is the very latest innovation to be released from Kitchen CUT and is operational in over 60 countries worldwide.
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