Weighted Average Food Cost %

$"Weighted Average Food Cost %" = "fc" / "ts"$

$(fc)"Average Total Food Cost"$

$(ts)"Average Total Sales"$

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The Weighted Average Food Cost % calculator computes the weighted average of food cost percentage. The weighted average formula is used to calculate the average value of a particular set of numbers with different levels of relevance. The relevance of each number is called its weight. The weights should be represented as a percentage of the total relevancy.

Resource:

Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
"Weighted Average." FinanceFormulas.net. N.p., n.d. Web. 07 Aug. 2015.