What is the formula managers would use to calculate an employee turnover rate? Employees Separated (+) Employees in Workforce = Employee Turnover Rate Employees Separated (-) Employees in Workforce = Employee Turnover Rate Employees Separated (Times) Employees in Workforce = Employee Turnover Rate Employees Separated (Division) Employees in Workforce = Employee Turnover Rate Which measure of labor productivity would NOT be affected if a manager decided to both increase menu prices and to give employee raises? Sales per labor hour Labor cost percentage Labor dollars per guest served Guests served per labor hour On Monday, a manager's operation generated revenue of $1,200. The manager served 100 guests, used 25 total hours of labor, and had a labor cost of $300. What were the manager's sales per labor hour on Monday? $48.00 $50.00 $52.00 $54.00 A manager anticipates that 2,000 guests will be served next week. The manager's operation serves 2.5 guests per labor dollar expended. What will be the manager's estimated cost of labor next week? $500 $800 $5.000 $8.000 What is the first step in the four-step process of managing payroll costs? Analyze results Schedule employees Forecast sales volume Determine productivity standards What will be the effect on fixed and variable labor cost percentages if an operation increases its sales volume? Fixed labor cost percentage will decline and variable percentage will decline Fixed labor cost percentage will increase and variable percentage will decline Fixed labor cost percentage will decline and variable percentage will stay the same Fixed labor cost percentage will increase and variable percentage will stay the same