a) How is the food cost percentage compared? b) Assume that the total standard cost is $18,282
Question:
b) Assume that the total standard cost is $18,282 and total standard sales revenue is $48,487. Determine the standard cost percentage.
c) Assuming total actual cost is $18,480 and total actual sales revenue is $48,487. Determine the actual cost percentage.
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a The Formula Food Cost Beginning Inventory Purchases Ending Inventory Food Sales Memorize this ...View the full answer
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