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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

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