Sitabiso manages an executive dining room in an office building of a major food manufacturing company....
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Sitabiso manages an executive dining room in an office building of a major food manufacturing company. Her sales, on average, run between $17,000 and $21,000 per week. She has decided to use yardstick standards for labor to predict labor costs for varying sales levels. With these data, she can determine if variations in her expenses are due to changes in sales volume or other reasons such as waste or theft. She has compiled information from last year to help her predict her weekly labor costs. Using this information, help Sitabiso complete her yardstick standards for labor. (Spreadsheet hint: Use the ROUND function for "% Cost to Total Sales" column. Also, round to 3 decimal places, e.g.. 0.123 or 12.3%.) Yardstick Standards for Labor Total Sales: Labor Costs: Management Food Production Service Total Category Management Food production Service Total $800,000 $84,000 144,000 34,200 262,200 % Cost to Total Cost % Cost to Total Sales Average Sales per Month: $17,000 $75,000 Weekly Sales Estimate $18,000 $19,000 $20,000 $21,000 Sitabiso manages an executive dining room in an office building of a major food manufacturing company. Her sales, on average, run between $17,000 and $21,000 per week. She has decided to use yardstick standards for labor to predict labor costs for varying sales levels. With these data, she can determine if variations in her expenses are due to changes in sales volume or other reasons such as waste or theft. She has compiled information from last year to help her predict her weekly labor costs. Using this information, help Sitabiso complete her yardstick standards for labor. (Spreadsheet hint: Use the ROUND function for "% Cost to Total Sales" column. Also, round to 3 decimal places, e.g.. 0.123 or 12.3%.) Yardstick Standards for Labor Total Sales: Labor Costs: Management Food Production Service Total Category Management Food production Service Total $800,000 $84,000 144,000 34,200 262,200 % Cost to Total Cost % Cost to Total Sales Average Sales per Month: $17,000 $75,000 Weekly Sales Estimate $18,000 $19,000 $20,000 $21,000
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Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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