Calculating Food Cost with Excel.Excel is a powerful tool for calculating food cost.

Published on 01/01/2023Sébastien Vassaux

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Learn more about the food cost basis and how to reduce your food cost percentage

**Start with the cost of ingredients:**Begin by entering the cost of each ingredient into a separate cell. This will be the basis for your food cost formula.**Calculate the total cost of ingredients:**Once you have entered the cost of each ingredient, use the SUM function to calculate the total cost of ingredients.**Calculate the cost per serving:**Divide the total cost of ingredients by the number of servings to calculate the cost per serving.**Adjust for waste:**If you anticipate any waste, adjust the cost per serving accordingly.

**Create a spreadsheet:**Create a spreadsheet with columns for the date, number of servings, cost of ingredients, and total cost.**Enter data:**Enter the data for each event into the spreadsheet.**Calculate averages:**Use the AVERAGE function to calculate the average cost per serving over time.**Analyze trends:**Analyze the data to identify any trends in food cost.

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