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What should be the managerbest estimate for next year

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Question - Last year an operation achieved a 28 percent labor cost on sales of $1,500,000. For next year, the manager predicts an 8 percent increase in wages and salaries paid to employees. The manager will also increase the operation's menu prices by 5 percent. What should be the manager's best estimate for next year's labor cost percentage?

Reference no: EM133080809

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