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McDonald's pays about 20% in labor costs, and from what I can see other restaurants also average 20-30%. Where are you getting that labor is the highest cost?
by jimmaswell 5y ago
McDonald's pays about 20% in labor costs, and from what I can see other restaurants also average 20-30%. Where are you getting that labor is the highest cost?
- missedthecue 5y agoPretty sure he means highest of all fixed costs, not variable costs (COGS).
- jimmaswell 5y agoI think anyone who's not deep in accounting would assume we're just talking about the simple sum of all expenses, not specifically fixed or variable. Like if over a month I paid $100 in rent, $100 in payroll, and $100 in new equipment, labor was 33%.