1. Steve is in trouble. He has never been a particularly strong labor cost control person. He likes to think of himself more as a people person. His boss, however, believes that Steve must get more serious about controlling labor costs or he will make Steve an unemployed people person! Steve estimates his weekly sales and then submits that figure to his boss, who then assigns Steve a labor budget for the week. Steve's operating results and budget figures for last month are presented as follows. (5 points)

Compute Steve's percentage of budget figures for both sales and labor cost. Also, compute Steve's budget and actual labor cost percentages per week and for the 5week accounting period.

Operating Results: Steves Airport Deli
For Weeks 15
	Sales			Labor Cost			Labor Cost %
Week	Budget	Actual	% of Budget	Budget	Actual	% of Budget	Budget	Actual
1	$5,500	$5,250		$785	$800
2	1,700	1,610		595	630
3	4,080	3,650		1,224	1,300
4	3,100	2,800		1,085	1,100
5	2,600	2,400		910	960
Total