Question: please also include formulas so I can learn. Half Shell Oyster House Current Period Next Period With 5% Menu With 5% Menu Price Increase and

please also include formulas so I can learn.
please also include formulas so I can learn. Half Shell Oyster House
Current Period Next Period With 5% Menu With 5% Menu Price Increase

Half Shell Oyster House Current Period Next Period With 5% Menu With 5% Menu Price Increase and Price Increase 3% Wage Increase $ % $ % 100% 100% $ $ 85,000 With 3% Wage Increase % % 100% $ 85,000 100% $ 10,506 Sales/ Forecasted Sales Cost of Labor Front of the house Back of the house Management Total cost of labor $ 10,200 $ 12.750 $ 5,525 6.2% $ 28,475 33.5% a. What was Megan's back of the house labor cost percentage for the current period? b. What will be Megan's front of the house labor cost percentage next period if she gives all of her employees a 3 percent raise and experiences no decline in sales? What will be Megan's total labor cost percentage next period if she increases her menu prices, achieves a 5 percent sales increase, and also gives her employees a 3 percent raise? C Answer: 8. Megan Merkle is the manager of the Half Shell Oyster House. Megan is reviewing her labor cost percentages for the current accounting period and is doing some financial planning for the next period. She separates her labor cost into three categories: front of the house, back of the house, and management. Megan wants to know what the impact on her labor cost percentages will be in the next accounting period if she: I. Gives all of her employees a 3 percent raise and experiences no decline is sales II. Increases her menu prices and thus achieves a 5 percent sales increase, but does not give any of her employees a raise III. Increases her menu prices, achieves a 5 percent sales increase and also gives all of her employees a 3 percent raise Help Megan with her financial projections by completing the following chart and then answering the questions that follow

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