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Donut course
Are there any methods for understanding how to do costings for donuts using industry-standard business techniques?
Additionally, are there any courses related to the donut business that cover costing and other essential industry practices?
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4 Replies
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Level:
Scoolinary Team
Hi Yoonus Shiyam
Welcome to the Scoolinary community!
Thank you for your question. Yes, there are standard commercial methods for calculating the costs of donuts and other bakery products. In the industry, these techniques are commonly used:
Standard Methods for Calculating Product Costs
1. Ingredient Cost: This involves calculating the cost of each ingredient used in the recipe by dividing its total price by the amount used per donut.
2. Labor Cost: This estimates the time required to produce the donuts and assigns an hourly cost to the personnel involved.
3. Fixed and Variable Costs: Expenses such as rent, utilities, machinery, packaging, and other operational costs are factored in.
4. Profit Margin: A suitable margin is set based on market conditions and competition to determine the selling price.
5. Food Cost Percentage: This is a common metric that compares ingredient costs to the selling price, typically keeping it between 25% and 35% to ensure profitability.
Courses on Costing and Business Management in Bakery
At Scoolinary, we offer several management courses, though they are not exclusively focused on the donut business but rather on cost management applicable to any gastronomic sector. These courses can help you understand how to calculate production costs and improve your business’s profitability.
I will attach the direct link to the Financial Planning for Bars and Restaurants course so you can check it out.In Chapter 7 – Cost Budgeting, you can find more details on the topic of costs
https://www.scoolinary.com/courses/financial-planning-for-bars-and-restaurants
Hope you find it useful!
Best regards.
scoolinary.com
Financial Planning for Bars and Restaurants
Learn to create, step by step, an economic and financial planning for your restaurant project or to optimize your existing business.
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Thank you so much for responding, I’ll look forward to it
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Level:
Scoolinary Team
Hi Yoonus Shiyam.
Great! If you have any other questions, I’m here and happy to help.
Best regards.
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Level:
Scoolinary Team
Hey there Chef Yoonus!👋
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