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Take me to the text Fairmont Inn had the following operating income, labour costs and departmental income for its lodging and restaurant departments in the
Take me to the text Fairmont Inn had the following operating income, labour costs and departmental income for its lodging and restaurant departments in the year ended December 31, 2021. Department Operating Revenue Payroll and Related Expenses Departmental Income Lodging $400,000 $56,000 $119,000 Restaurant $219,000 $57,000 $31,000 Do not enter dollar signs or commas in the input boxes. Round all answers to 1 decimal place. a) Calculate the labour cost margin for each department. Labour Cost Margin for Lodging: 14 % Labour Cost Margin for the Restaurant: 26.03 % b) Calculate the departmental income margin for each department. Departmental Income Margin for Lodging: % Departmental Income Margin for the Restaurant: %
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