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 is anything of value promised to another when making a contract. Consideration may be either a good consideration or a valuable consideration. A good consideration is based either on love and affection toward one to whom a natural duty exists. The term âvaluable considerationâ means that the grantor received something of value in return for his conveyance of the property, such as money or the satisfaction of a debt due by the grantor to the grantee. If the conveyance is voluntary, consideration is not necessary.