Total Food Cost
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 | ||
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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.
