Given the information below find labour cost percentage for the month of June(do not include % sign)SalesFoodBeverageTotal SalesCost of SalesFoodGuest Hotel Inc.Income Statementfor the period ending June 30, 2021BeverageTotal cost of goods soldGross ProfitControllable ExpensesSalaries & WagesOccupancyOffice & GeneralUtilitiesTransportationKitchen suppliesProfessional feesAdvertisingEmployee InsuranceVehicleTotal ControllableExpensesNet Profit/Loss186,66573,01054,21425,88197,99627,54610,9699.6566,4886.5476.8698,19910,2884,665

Name: Given the information below find labour cost percentage for the month
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Description: Given the information below find labour cost percentage for the month of June(do not include % sign)SalesFoodBeverageTotal SalesCost of SalesFoodGuest Hotel Inc.Income Statementfor the period ending June 30, 2021BeverageTotal cost of goods soldGross

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Business

Accounting

Given the information below find labour cost percentage for the month of (do not include % sign)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

Given the information below find labour cost percentage for the month of June
(do not include % sign)
Sales
Food
Beverage
Total Sales
Cost of Sales
Food
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2021
Beverage
Total cost of goods sold
Gross Profit
Controllable Expenses
Salaries & Wages
Occupancy
Office & General
Utilities
Transportation
Kitchen supplies
Professional fees
Advertising
Employee Insurance
Vehicle
Total Controllable
Expenses
Net Profit/Loss
186,665
73,010
54,214
25,881
97,996
27,546
10,969
9.656
6,488
6.547
6.869
8,199
10,288
4,665

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