Pricing of food
This query is : Resolved
27 January 2009
What method should be used for fixing the price of food in a hotel ( has rooms as well as restaurants)?
27 January 2009
For perishable nature of goods, we generally use FIFO method. Rest depends item to item nature. Generally there can be three types of cost in case of food. Purchase of raw materials + Handling and preservation costs + processing costs. On the basis of these costs you can charge a margin based on Industry norms. It also depends on the location of the restaurent and the conditions of weather also part a major role in pricing decisions.
27 January 2009
Thak you Mr Maheswari.Can you recommend any book where from I can learn about the Hotel Industry norms?
27 January 2009
It is very nice discussion of maheswari
Message likes :
1 times
27 January 2009
Dear Sonali, I am not aware of any specific book on Hotel Industry, but I hope you may get the details over pricing systems for Food and Hotel industry in any good international level costing book.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
