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Total Food Cost

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Jul 23, 2015, 11:36:42 PM
Selling Price=ifc⋅nsSelling Price=ifc⋅ns
(ifc) Item Food Cost(ifc) Item Food Cost
(ns) Number of Food Sold(ns) Number of Food Sold
Tags
Operation Management Hospitality Operations Management Food Cost
UUID
ac2c442b-3193-11e5-a3bb-bc764e2038f2

The Total Food Cost calculator computes the total cost of food. Total cost is the overall opportunity cost incurred by a firm in production.  It is the product of the of individual food item production cost and the total number processed or produced.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Total Cost" AmosWEB Is Economics: Encyclonomic WEB*pedia. N.p., n.d. Web. 07 Aug. 2015.
This equation, Total Food Cost, is used in 2 pages
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