Activity-Based Costing in the Restaurant Industry: What's past is prologue

Document Type

Article

Publication Date

11-14-2016

Publication Title

The Journal of Hospitality Financial Management

Volume

24

Issue

2

First page number:

133

Last page number:

146

Abstract

Restaurant managers often do not have a comprehensive understanding of all of the costs involved in operating a successful restaurant, leading to inaccurate, and potentially unprofitable, menu item pricing. One trend in cost analysis is to explore techniques used in other industries, including activity-based costing. A body of work exploring the application of activity-based costing in the foodservice industry has gradually evolved. A review of previous research on activity-based costing in various restaurant segments validates it as a consequential approach that is capable of reducing waste, preserving employment, and producing maintainable profitability in the restaurant industry

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