To calculate the Labor Cost Per Meal (LCM):
LCM=LCM
Where:
Labor cost per meal is a measure of the total labor expenses incurred to prepare and serve each meal. It helps in understanding the efficiency and cost-effectiveness of meal preparation in various settings, such as restaurants, catering services, and institutional kitchens.
Let's assume the following values:
Using the formula:
LCM=500200=2.50 per meal
The labor cost per meal is $2.50.
Let's assume the following values:
Using the formula:
LCM=1000400=2.50 per meal
The labor cost per meal is $2.50.