How do you figure cost of cakes?

Answer 1

To price anything by the slice: Take the item cost as a whole and add 30%, then divide by the total number of slices. (Ex - Cake cost you $10. Add 30% = $13 divide by 12 slices and your price per slice is 1.08.)

Answer 2

When pricing your product you must:

§ Itemize the cost of every ingredient

§ You must include your labor

§ You must include your overhead

§ You must include your utility cost

§ You must include your personal needs (health insurance, liability insurance and other "silent" cost)

§ You must include the cost of operating your office

§ Your must include the packaging, labels and any other items that make the product "attractive" (Yes, the little ribbon your pulled from your daughter's dresser to perk up the box, yes that also!)

You must include everything!

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Answer 3

This is commonly done to regulate prices. The larger a cake, the more it will cost, but it will be in the same ratio as a siilar cake in a smaller size. Simpler cakes, like plain vanilla with icing, will be less per pound than fancier cakes that contain more elabortae icing works or multiple layers, for example.

Answer 4

To sell:

1. Work out cost of ingredients.

2. Calculate how long it takes to bake your item. Give yourself an "hourly rate"

3. Add cost of ingredients to cost of labour. That is production cost.

4. To calculate profit, multiply production cost by three.

Answer 5

you price by the size of how many tiers and how many slice the cake produces. like 3.50 to 5.50 per slice depending on the time and difficulty of the cake.