answersLogoWhite

0


Best Answer

It depends on who it is being applied to. The consumer or the manufacturer. Consumer: The monetary amount require to purchase food from a distributor. Manufacturer: Amount of money it cost to grow, manufacturer, harvest, or catch the food item plus its cost of labor and shipping that it takes to reach the consumer.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

food cost is part of our controllables that can affect the gross margin profit

This answer is:
User Avatar

User Avatar

Wiki User

9y ago

Food cost by definition is the cost of the ingredients in the food, divided by the portion used. This helps determine how much profit a business needs to break even.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the Definition of food cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the definition of 'foof miles'?

What the question means is the definition of "food miles". This is defined as the distance food is transported from producer to consumer and the actual cost involved.


What is the definition of Historical Cost?

what is the definition of historical cost


What is the definition of food coasting?

Food coasting is the process which you decide what is the value of your food. In order cost your food you need to evaluate how much did you spend in your recipe and the taste will also differ in food coasting.


What is definition of payment?

giving money that you owe. For example: giving to the store owner the cost of the food you're taking from his store.


Definition and terms of food sanitation?

definition of term of food sanitation


IS food hard to find?

That depends on your location and definition of food. That depends on your location and definition of food.


Simple one line definition for food cost?

Whether you're cooking for yourself or others, work out a budget within what you can afford and stick with it.


Definition of finance cost?

Cost of the money for the buisness


What is the definition of food tube?

food in a tube


How do you define food cost?

FOOD COST- ($)COST YOU SPEND ON FOOD( WHICH IS ALOT) :D


How a stock list can help determine the opening stock and closing stock within a trading period?

definition for the elements of food cost: opening stock


What is a simple definition of food for children?

Food is what you eat.