What does costing mean when dealing with pounds and ounces?

Question

If your running a business like a bakery shop I was told that you should have a costing sheet that tells you exactly what cost you buy for ingredients and at what price you should sell your items to customers.

Answer 1

This is when breaking down an item you made or bought financially.

For example, if you bought a loaf of bread and wanted to sell a slice to a customer, you divide the amount you payed for the loaf, to how much slices you add... then you would add the profit you wish to recieve. that give you the sell price. the cost is what you had to pay.

or in a recipe, like chix soup or something:
you break down the recipe, like how much you bought an ingredient, basically how much that soup cost you to make it.

like a # a carrots chopped (cost you such and such) , plus you have to include the parts you did not use, that's what you customer is going to pay you back plus the profit you wish to make.

Basically, write down all the ingredients you use... how much did each cost... like that 35# sac of flour.... no break it down to how much it cost a #... that way you can transfer it to the recipe...like if your recipe used 3#... you can calculate how much3# of flour cost to make that recipe. lol...hope you understood my explaination :)