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).
Consideration can be defined as payment or money and it is also a fundamental element into a contract. The principle of consideration is to ensure that promises are enforced to the parties that promised to exchange something of value in the viewpoint of the law. Consideration is only present when the parties mean to have an exchange. However, consideration must be sufficient but need not be adequate. It means consideration must be having some values, whether it appropriates in order to meet the return of the agreement.