Question: 9. Short answer (calculation) question. In the Ocean View Restaurant, the actual food cost in July 2022 was $32,000, and the food sales were $128,000.

9. Short answer (calculation) question. In the Ocean View Restaurant, the actual food cost in July 2022 was $32,000, and the food sales were $128,000. The standard food cost percentage in July 2022 was 5.0% lower than the actual food cost percentage in that month. What were the potential savings in this restaurant in July 2022 in dollars and in %? Show the full calculation, not just the final answers, and round all calculations to hundredths of decimal unless they naturally round up to tenths or a whole number

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