What should managers best estimate for next years labor cost

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Reference no: EM133921764

Problem

Last year an operation achieved a 28 percent labor cost on sales of $1,500,000. For next year, the manager predicts an 8 percent increase in the prices the operation will pay for labor. Get the instant assignment help. The manager will also increase the operation's menu prices by 5 percent. What should be the manager's best estimate for next year's labor cost percentage?

Reference no: EM133921764

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What should managers best estimate for next years labor cost : The manager will also increase the operation's menu prices by 5 percent. What should be the manager's best estimate for next year's labor cost percentage?

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