Problem 3: With regards to Problem 2

a. How much higher would food profits have been if actual food costs were in line with standard food costs?

b. How much higher would beverage profits have been if actual beverage costs were in line with standard beverage costs?

c. What is the total amount of profit lost because actual food and beverage costs were higher than the standard costs?

360 Chapter 10 Problem 3 With regard to Problem 2 above: a. How much higher would food profits have been if actual food costs were in line with standard food costs? b. How much higher would beverage profits have been if actual beverage costs were in line with standard beverage costs? c. What is the total amount of profit lost because actual food and beverage costs were higher than the standard costs? Food revenues are $850,000; beverage revenues are between standard and actu actual beverage costs. Which operation control problem? Why? Problem 2 00; beverage revenues are $110,000. There is a 1-percent variance od costs and a 4-percent variance between standard and 18e costs. Which operation (food or beverage) likely has the most significant