With Economic reforms during last two decades in India, the Hospitality Industry is growing very fast. To serve the needs, the organizations and managers are most of the times interested in and worried about the costs. The control of the costs of the past, present and future is the job of all the managers in a company. In companies that try to make profits, the control of costs affects directly to them. Knowing the costs of the products is essential for decision-making regarding price and mix assignation of products and services.