Food Costing

BlackEdelweiss

Can anybody tell me how to cost a single food item in order to calculate the selling price. I did it years ago in college but I cant remember the figures. I've done a bit of googling but cant find anything yet.

DoMyBooks

Im not 100% sure on your question. But if you have the cost price of the raw materials, the cost of labour and the overheads you need to apportion its basic maths to get the costing of the product.

If you'd like to put up more detail maybe I can help

infamous

Question bit obscure, food costs should usually come in around the 30% mark this would be a fairly rough guide

BlackEdelweiss

Sorry if it was a bit obscure.
I basically want to know how much to charge for a product after working out how much the item costs. I know I could charge anything but there is a percentage figure for what is the recomended profit for an item.
I know how to cost the ingredients, just wondering on how to decide on a price then.

DoMyBooks

If its in a restaurant your generally aiming for 70 or 80% gross margin but that figure is completely dependent on your overheads.