Jaymal is director of club operations for five military bases in Florida. He has just received...

Transcribed Image Text:

Jaymal is director of club operations for five military bases in Florida. He has just received year-end income statements for each base. Information from the revenue and labor portion of those statements is shown as follows. Jaymal wants to use the current year's data to create next year's budget. Assume that Jaymal is happy with his labor productivity in each unit and that both wages and revenue in each will increase 2 percent next year. Calculate how much Jaymal should budget for revenue and labor in each unit. Also, calculate what Jaymal's labor cost percentage will be for each unit if he meets his budget. Location Pensacola Daytona Fort Myers Tampa Miami Total This Year's Results Labor Cost $288,705 $199,814 $238,562 $283,387 $1,205,723 Revenue $993,247 $729,360 $861,303 $933,733 $3,768,360 Next Year's Budget Labor Cost Revenue Labor Cost% Jaymal is director of club operations for five military bases in Florida. He has just received year-end income statements for each base. Information from the revenue and labor portion of those statements is shown as follows. Jaymal wants to use the current year's data to create next year's budget. Assume that Jaymal is happy with his labor productivity in each unit and that both wages and revenue in each will increase 2 percent next year. Calculate how much Jaymal should budget for revenue and labor in each unit. Also, calculate what Jaymal's labor cost percentage will be for each unit if he meets his budget. Location Pensacola Daytona Fort Myers Tampa Miami Total This Year's Results Labor Cost $288,705 $199,814 $238,562 $283,387 $1,205,723 Revenue $993,247 $729,360 $861,303 $933,733 $3,768,360 Next Year's Budget Labor Cost Revenue Labor Cost%

Answer rating: 100% (QA)

To calculate the next years budget for revenue and labor in each unit as well as the labor cost perc... View the full answer