The role of costing in menu planning
The role of costing in menu planning:
Costing is an essential part of menu planning. You need to ensure that your menu items are priced appropriately to cover your costs and generate a profit.
To calculate menu costs, you need to consider the cost of ingredients, labor, overheads, and other expenses. You can use tools such as recipe costing software to help you calculate the cost of each menu item.
Once you’ve calculated your menu costs, you can determine the appropriate price for each item. You need to balance cost with quality and creativity to ensure that your menu items are priced appropriately for your target audience.
In the UK, menu pricing is often shown as inclusive of VAT. Make sure to factor in VAT when calculating your menu costs and pricing.