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Labor Cost %

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
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Jul 23, 2015, 2:51:48 AM
Labor Cost %=Cost of LabourTotal Sales
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Operation Management Cost Labor
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c35eeca6-30e5-11e5-a3bb-bc764e2038f2

Labor cost percentage is a financial term used to describe a business' labor costs relative to its overall revenue. Being able to calculate labor cost percentage is an important business skill. It allows you to determine how efficiently a business is operating. It also helps you make more informed decisions regarding potential human resources changes.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • Bagley, Soren. "How to Calculate Labor Cost Percentage." EHow. Demand Media, n.d. Web. 06 Aug. 2015.
This equation, Labor Cost %, is used in 2 pages
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