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CAN YOU PLEASE HELP ME SOLVE THIS. THANK YOU! Part 1 : Food Cost Ratio=Food Cost/Food Sales Labor Cost Ratio = Labor Cost/Food Sales Contribution

CAN YOU PLEASE HELP ME SOLVE THIS. THANK YOU!

Part 1 : Food Cost Ratio=Food Cost/Food Sales

Labor Cost Ratio = Labor Cost/Food Sales

Contribution Margin (profit) = Total Sales--Total Costs

Calculate:Labor Cost is $5000.00Food Cost is $5500.00Food Sales = $20000.00

What is the Food cost ratio?

What is the Labor cost ratio?

What is the Total Cost ratio?

What is the Contribution Margin (profit) for the food cost?

What is the range for a good overall food cost for a restaurant operation?

Part 2:Beverage Cost or Pour Cost = Beverage Cost/Bar Sales

Calculate:Beverage Cost is $1500.00Beverage Sales = $6500.00

What is thebeverage cost ratio?

What is the range for a good overall liquor cost?

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