with formulas please. teacher did not give me any instruction on this probelem.

6. Jim Sherman is the manager of the Half Shell Oyster House. Jim is reviewing labor cost percentages for the current accounting period and is doing some financial planning for the next period. He separates labor cost into three categories: front of house, back of house, and management . Jim wants to know what the impact on labor cost percentages will be in the next accounting period if he: I. Gives all employees a 3% raise and experiences no decline in sales. II. Increases menu prices and thus achieves a 5% sales increase, but does not give any employees a raise III. Increases menu prices, achieves a 5% sales increase and also gives all employees a 3% raise Help Jim with the financial projections by completing the following chart and then answering the questions that follow. You must answer all questions and complete the chart for full credit. a. What was Jim's back of the house labor cost percentage for the current period? b. What will be Jim's front of the house labor cost percentage next period if he gives all employees a 3 percent raise and experiences no decline in sales? c. What will be Jim's total labor cost percentage next period if he increases menu prices, achieves a 5 percent sales increase, and also gives employees a 3 percent raise? Current Period Next Period With 3% Wage Increase With 5% Menu Price Increase With 5% Menu Price Increase and 3% Wage Increase $ % $ % Sales/ Forecasted Sales % $ $ 85,000 % $ $ 100% 85,000 100% 100% 100% Cost of Labor Front of the house $ 10,200 $ 12,750 $ 10,506 Back of the house Management $ 5,525 6.2% Total cost of labor $ 28,475 33.5%