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Click ‘Get Form’ to open the food cost formula PDF in the editor.
Begin by entering the 'Menu Item' and 'Date' at the top of the form. This helps in tracking your recipes effectively.
Next, specify the 'Number of Portions' and 'Size'. This information is crucial for calculating costs accurately based on serving sizes.
Fill in the 'Cost per Portion' and 'Selling Price'. These fields will help you determine your profit margins.
In the 'Ingredients' section, list each ingredient along with its corresponding 'Recipe Quantity', 'Weight', and 'Volume'. This ensures precise calculations for food costs.
Complete the fields for 'Food Cost %', 'Cost', and other relevant metrics like APC/Unit and Yield %. These calculations are essential for understanding your overall food cost efficiency.
Finally, review all entries before saving or exporting your completed form. Our platform allows you to easily share or print your finalized document.

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What is the formula for calculating food costs?

Food cost percentage is calculated by taking the cost of goods sold (or COGS) and dividing that by the revenue or sales generated from that finished dish. COGS is the amount of money youve spent on ingredients and inventory in a given period well show you how to calculate that, too.

How to calculate food cost for a buffet?

To calculate your food cost percentage, first add the value of your beginning inventory and your purchases, and subtract the value of your ending inventory from the total. Finally, divide the result into your total food sales.

What is the rule of thumb for food cost?

A general rule of thumb in the restaurant industry is to keep food cost percentages around 28 to 32%. Average food cost percentages differ between quick service restaurant concepts and fine dining, as well as in different cities.

What is the formula for food cost in Excel?

Food cost percentage is the ratio of the amount of money your restaurant spends on food and beverage ingredients (food inventory) to the revenue those ingredients generate when theyre sold as menu items (food sales). Its expressed as a percentage of total revenue from food sales.

What is the formula for calculating food cost?

Total food cost percentage = (total cost of goods sold / total revenue) x 100. Before you can use this formula, you need to gather some information about your restaurant. Start by taking an inventory count with the costs for each item. Doing this on a regular basis can help you maintain consistent inventory reports.

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