CFC Chapter 9 Review your Learning

What is included in labor cost?

• Both fixed and variable employee wages

• Both fixed and variable employee wages

• Salaries, taxes, and employees’ hourly wages

• All payroll costs, taxes, benefits, and insurance

FICA is contributed to by

• Employee and Union.

• Employer and Employee.

• Federal and State Governments.

• State and Local Governments.

If an operation’s sales are $48,000 per week and labor cost is $15,600 for the week, what is the labor cost percentage?

• 0.286

• 0.312

• 0.287

• 0.325

The most efficient way to determine the number of servers to schedule is

• Average wage per hour.

• Covers per labor hour.

• Weekly sales projections.

• Sales per cover.

Labor usage forecast is primarily based on

• Benefit costs.

• Sales volume.

• Employee turnover.

• Food cost.

What are budgets based on?

• Projected sales and costs

• Projected profits

• Quality standards

• Standards benefits and payroll

A manager is working to schedule cooks for her operation’s lunch shifts in a given week. Each shift is three hours long, and the establishment is open Monday through Friday. She has budgeted $540 in labor costs for cooks, and her average hourly cost is $12 per hour. How many cooks can she schedule on average?

• 2

• 4

• 3

• 1

What are standard man-hours (SMH)?

• Actual employees

• Numbers used to determine staffing needs

• Hours that can be calculated only by the week

• Number of productive hours

Which method for managing payroll is most efficient to calculate labor cost?

• Labor forecast method

• Timecard method

• Electronic time record method

• Time sheet method

If an establishment needs 12 employees to operate and hires 50 employees during the year, what is its turnover rate?

• 24%

• 417%

• 41.7%

• 240%