Menu Item Actual Number Sold Standard Cost Sales Price Standard Food Cost Percentage Total Standard Cost Total
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Question:
| Menu Item | Actual Number Sold | Standard Cost | Sales Price | Standard Food Cost Percentage | Total Standard Cost | Total Sales |
| A | 48 | $2.14 | $6.50 | - | - | - |
| B | 20 | $3.50 | $9.00 | - | - | - |
| C | 100 | $1.90 | $4.95 | - | - | - |
| D | 45 | $3.25 | $7.50 | - | - | - |
If Total Actual Cost for the day was $555.00, determine:
1. Total Actual Sales
2. Total Standard Cost
3. Actual Cost Percent
4. Standard Cost Percent
5. Potential Savings as a Dollar Value AND as a Percentage of Sales
Expert Answer:
To determine the requested values we need to calculate the total actual sales total standard cost ac... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
