User Account

All Pages

What is the labor cost ratio

Assignment Help Business Management
Reference no: EM132384111

Part 1 : Food Cost Ratio=   Food Cost/Food Sales

Labor Cost Ratio = Labor Cost/Food Sales

Contribution Margin (profit) = Total Sales--Total Costs 

Calculate: 

Labor Cost is $5000.00

Food Cost is $5500.00

Food Sales = $20000.00

What is the Food cost ratio?  

What is the Labor cost ratio?

What is the Total Cost ratio?

What is the Contribution Margin (profit) for the food cost? 

What is the range for a good overall food cost for a restaurant operation?

Part 2:Beverage Cost or Pour Cost = Beverage Cost/Bar Sales

Calculate:

Beverage Cost is $1500.00

Beverage Sales = $6500.00

What is the  beverage cost ratio?      

What is the range for a good overall liquor cost?

Reference no: EM132384111

Questions Cloud

Understanding of genetics and environmental factors : Given your understanding of genetics and environmental factors, what do you think the core of the problem is with this client? Explain.
What are some ethical issues or concerns you may have found : Based on the evidence, do you think that business ethics matter or do not matter to business success in the short-term/long-term.
Determine the insintric value of a common stock : What are some ways to determine the insintric value of a common stock?
Describe a scarcity problem involving natural resources : Describe a scarcity problem involving natural resources, time, or employees. What was scarce? Why was it scarce? Remember, it probably involved a tradeoff.
What is the labor cost ratio : What is the Food cost ratio? What is the Labor cost ratio? What is the Total Cost ratio?
Origins of addiction-alcoholism and chemical dependency : How much research exists for the explanations of the origins of addiction, alcoholism, and chemical dependency? Explain.
How did you determine that rate : Discount rates will vary based upon your own personal level of risk tolerance. For example, I might be willing to buy a risky stock if I think I'll earn.
Determining the pricing decision making : MMC offered service to 1,800 patients last year to members covered by this insurance company. At this service volume, how much is the degree of operating
What are some ethical issues or concerns you may have : Based on the evidence, is this company ethical? Why or why not. What are some ethical issues or concerns you may have found about the company.

Reviews

Write a Review

Business Management Questions & Answers

  What you read and application at the company or organization

Were there differences between what you read and the application at the company or organization? How do you explain the differences? Were there subtle differences or significant differences?

  Important information about data collection

Important information about Data collection - telephone; used for clarifying issues, checking discrepancies, or obtaining data overlooked by other collection methods and mailed questionnaire; used for collecting formal survey data.

  Firms resources and sustained competitive advantage

Please assist me in w riting an article review on "Firms Resources and sustained competitive advantage" by Jay Barney 1991. Include a summary

  Basis for international business-level strategies

What four factors are determinants of national advantage and serve as a basis for international business-level strategies?

  Context of strategic implementation

Explain what is the relationship between strategy and structure within the context of strategic implementation

  Perform a number of manual calculations

MIS171 Business Analytics Assignment Two. You will need to perform a number of manual calculations, using the data set "Phone.xlsx". Some of these calculations will be based on your answers

  Calculate the amount of the annual rental payment

Compute the present value of the minimum lease payments. Calculate the amount of the annual rental payment required.

  Illustrate what does the market believe will be the stock

Assuming the market is in equilibrium, illustrate what does the market believe will be the stock price at the end of 3 years? That is, illustrate what is P3?

  Why should organisations care about setting egress

Why should organisations care about setting egress (outbound) firewall rules?

  Is there a history of chronic illness in your family

Is there a history of chronic illness in your family?

  Comprehension of financial management and knowledge gained

In this discussion, please reflect on your comprehension of financial management and knowledge gained from the media concerning financial real world activities and events occurring in the US.

  Firm production function and the government

In One-period general equilibrium model, what if the level of the public good is endogenous variable that is chosen by the government.  We know consumer's preference and budget, firm's production function and the government is imposing a labour i..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd