Problem What is the standard labor cost percentage to following number of standard labor hours (ass $14.75)? SS

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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Question
Number of Lunches
75
100
50
Std.
Labor
Avg.
Hourly
Rate
Std.
Std.
Avg.
Hourly
Rate
Std.
Std.
Avg.
Hourly
Rate
Std.
Labor
Labor
Labor
Labor
Labor
Position
Hours
Costs
Hours
Costs
Hours
Costs
Server
9.5 7.25
11.0 5.25
15.75 5.25
Bartender
4.75 10.75
4.75 7.55
4.75 7.75
Cook
12.0 16.40
16.0 11.50
19.011.50
Steward
9.5 9.10
9.5 6.75
11.0 6.25
Busperson
8.5 8.00
8.5 4.25
8.5 4.25
Host
4.0 10.50
4.0 7.00
6.0 7.00
Total Standard
Labor Cost
Transcribed Image Text:Number of Lunches 75 100 50 Std. Labor Avg. Hourly Rate Std. Std. Avg. Hourly Rate Std. Std. Avg. Hourly Rate Std. Labor Labor Labor Labor Labor Position Hours Costs Hours Costs Hours Costs Server 9.5 7.25 11.0 5.25 15.75 5.25 Bartender 4.75 10.75 4.75 7.55 4.75 7.75 Cook 12.0 16.40 16.0 11.50 19.011.50 Steward 9.5 9.10 9.5 6.75 11.0 6.25 Busperson 8.5 8.00 8.5 4.25 8.5 4.25 Host 4.0 10.50 4.0 7.00 6.0 7.00 Total Standard Labor Cost
Problem 1
What is the standard labor cost percentage to serve 50, 75, and 100 lunches, given the
following number of standard labor hours (assume a guest check average for lunch of
$14.75)?
Transcribed Image Text:Problem 1 What is the standard labor cost percentage to serve 50, 75, and 100 lunches, given the following number of standard labor hours (assume a guest check average for lunch of $14.75)?
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