Food & Beverage Costing

Food & Beverage Costing is a method used by restaurants and hotels to determine how much it costs to prepare their dishes and drinks. It involves tracking the expenses of ingredients, drinks, labor, and other related costs. By calculating these costs and comparing them to the selling price, businesses can set appropriate prices, ensure profitability, and control waste. Essentially, it helps managers understand where money is spent and how to optimize operations for better financial health.