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What is the Formula for calculating food cost?

Quality Assurance QC Quality Inspection
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Question added by mohamed sabeen , QHSE Manager , Novus catering service
Date Posted: 2013/12/14
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Ahamed Shareef
by Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

For any cost calculaton the following applies good -

Direct material cost

Direct labour cost

Indirect material cost

Indirect labour cost

Overheads

 

Sum of all these things will add in to total cost.....

(I am not showing marketing and selling expense or similar expenses related to other admininstration expenses specific to businesses)

 

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