What is Food cost & Product cost | How to calculate Food cost | Franchise Business

In this video, you’re going to learn what is food cost & product cost, How to calculate Food cost.
Food cost is defined as the total cost of material used in producing the food which is sold in the business purview. It is a vital parameter as it has a direct effect on the profitability of a food joint. However, it is the cost of the ingredients and does not include the labor cost and other overheads. It is an essential tool to determine whether a food cost target is being met.
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