Question
In 2017, a managers operation achieved a 25% labor cost on sales of $805,000. For 2018, the manager anticipates an 4% increase in the prices
In 2017, a managers operation achieved a 25% labor cost on sales of $805,000. For 2018, the manager anticipates an 4% increase in the prices he will pay for labor. The manager will also increase her menu prices by 5%. What should be the managers best estimate for next years labor cost percentage? (Choose the closest answer) 21.8% 22.8% 23.8% 24.8%
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
12th Canadian Edition
0136889373, 9780136889373
