Labor cost percentage formula
[DOC File]FOOD SERVICE FORMULA MATH PROBLEMS
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Based on the figures below, what is the labor cost per meal? Productive labor $125,000. Nonproductive labor $ 7,000. Food purchases $ 75,000. Number of meals served 65,000 Total labor costs= $132,000. 132000/65000= $2.03 per meal You are trying to decide between products. Which would cost you less? How much? Product #1--$2.35/lb. 80% yield
[DOC File]BUDGETING - CPA Diary
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10. Tropical Manufacturing Corporation is using the following flexible-budget formula for annual indirect labor cost: Total cost = P12,000 + P0.75 per machine hour. For the month of June, the operating budgets are based upon 10,000 hours of planned machine time. Indirect labor costs included in this planning budget are . a. P7,500 b. P8,500 c ...
[DOC File]Solutions for Homework ** Accounting 507 Managerial ...
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Manufacturing labor-hours of input (2,000,000 ÷ 300) 6,667 Total direct manufacturing labor cost (6,667 × $15.00) $100,000. Direct marketing costs: Direct marketing cost per unit $0.30. Total direct marketing cost (2,000,000 × $0.30) $600,000. Fixed costs $850,000 1. Actual Static-Budget. Results Amounts
[DOC File]Chapter 5
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Therefore, the cost formula using direct labor-hours as the activity base is $17,000 per quarter plus $9,000 per thousand direct labor-hours, or. Y = $17,000 + $9,000X. Note that the R2 is 0.93, which means that 93% of the variation in utility costs is explained by the number of direct labor-hours.
[DOC File]Standard Costs and Variance Analysis
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Percentage of total capacity 80% 90% Direct labor hours 24,000 27,000 Variable factory O/H $48,000 $54,000 Fixed factory O/H $108,000 $108,000 Total factory O/H rate per DLH $6.50 $6.00 Peters operated at 80% capacity during the year but applied factory overhead based on the 90% capacity level.
[DOC File]Chapter Five
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Labor Cost Percentage – labor dollars divided by sales dollars – varies significantly by operation One significant influence is the amount of food made from scratch. 220 4 The executive chef has one or more sous (under) chefs reporting to him/her.
[DOC File]GSA Advantage!
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The prices for the indicated SCA labor categories are based on the U.S. Department of Labor Wage Determination Number(s) identified in the matrix. The prices offered are based on the preponderance of where work is performed and should the contractor perform in an area with lower SCA rates, resulting in lower wages being paid, the task order ...
[DOCX File]Comparison of Major Contract Types - Under Secretary of ...
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Dollar value of the contract. The greater the cost risk to the contractor, the greater the benefits that can be derived from an FPEPA contract. In the DoD, adjustments based on actual labor or material cost are generally not used for contracts of $50,000 or less (DFARS 216. 203-4(c)).
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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Manufacturing labor-hours of input (2,000,000 ÷ 300) 6,667 Total direct manufacturing labor cost (6,667 × $15.00) $100,000. Direct marketing costs: Direct marketing cost per unit $0.30. Total direct marketing cost (2,000,000 × $0.30) $600,000. Fixed costs $850,000 1. Actual Static-Budget. Results Amounts
[DOC File]CHAPTER 3
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4. Unit labor cost = Total labor cost/Classes taught = $2,600/100 = $26. 5. New total classes = 100 + (0.50 × 100) = 150. Total labor cost = $600 + ($20 × 150) = $3,600. Unit labor cost = $3,600/150 = $24.00. The unit labor cost went down because the fixed cost, which stays the same, is spread over a greater number of classes taught ...
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