To calculate the Labor Cost Per Meal (LCM):
\[ LCM = \frac{LC}{M} \]
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:
\[ LCM = \frac{500}{200} = 2.50 \text{ per meal} \]
The labor cost per meal is $2.50.
Let's assume the following values:
Using the formula:
\[ LCM = \frac{1000}{400} = 2.50 \text{ per meal} \]
The labor cost per meal is $2.50.