This is the total amount you spent in a payroll cycle on labor and is your labor cost. For example, if a restaurant has payroll expenses of $4,000, plus $306 in FICA taxes, $600 for unemployment coverage and $444 in worker's compensation, its total labor cost is $5,350 for the period.Step 10. Measure your labor costs as a percentage of sales to ensure youâre not overstaffed.ivide the weekly payroll figure by your total weekly sales. If your restaurant brought in $28,157 and you spent $5,350 on labor, your labor cost percentage would be about 19 percent, or $5,350 divided by $28,157.
Consideration may be a promise to perform a certain act -- for example, a promise to fix a leaky roof in return for a payment of $1,000 -- or a promise not to do something, such as build a second story on a house that will block the neighbor's view (in return for money or something else).
1 An illusory promise, or one which the promisor actually has no obligation to keep, does not count as consideration. 2  The promise must be real and unconditional. 3  This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible.onsideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from doing an act.