Apicbase Glossary

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food and beverage industry glossary

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Food cost variance

Food cost variance is the difference between the theoretical food cost (the food cost based only on the food sold during a specific period) and the actual food cost (the food cost based on the food sold and factoring in unexpected wastage, shrinkage or inventory or accounting errors).

Food cost variance tells you if your food cost is under control – the closer to zero, the better.

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