Term
both a and b
-6.2% paid by the employee
-6.2% paid by the employer |
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Definition
| The contribution rate for FICA is |
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Term
both a and b
-the sales budget must be met
-the cost lines must be held to their budgeted amount |
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Definition
| For a restraunt to make its annual budget projection |
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Term
a,b, and c
-are additional costs to monitor
-are necessary to attact good employees
-can be given to management and not to hourly employees |
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Definition
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Term
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Definition
Monthly data for 4-8
sales:$80000
standard labor cost %: 28%
fixed cost payroll: $8000
employee benefit cost: $1500
server payroll dollars: $840
average hourly wage without servers: $7.15
The total dollars available for labor costs are |
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Term
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Definition
#5
The FICA and Medicare amount paid by the employer is |
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Term
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Definition
#6
The total dollars available for payroll are |
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Term
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Definition
#7
The variable dollars available for scheduling are |
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Term
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Definition
| #8 The estimated # of hours that can be scheduled for this month excluding servers is |
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Term
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Definition
| If a restraunt needs 12 employees to operate and hires 50 employees during the year, its turnover rate is |
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Term
all of the above
-on-the job stress
-poor working conditions
-low wages |
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Definition
| Turnover is most frequently caused by |
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Term
a,b, and c
-payroll
-FICA and Medicare
-employee benefits |
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Definition
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Term
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Definition
| Labor cost is controlled to a |
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Term
both a and b
-historical sales and costs
-projected sales and costs |
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Definition
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Term
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Definition
| The most efficient way to determine the # of servers to schedule is |
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Term
| both a and b -the menu, type of service, and complexity of production -the style of a restraunt, its location, and its price point |
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Definition
| The number of persons needed to fill a shift is dependent on |
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Term
a,b, and c
-increase the average hourly rate
-normally have greater employee benefits for employees
-affect production output |
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Definition
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