Question 1 1 pts ITEM STD MENU ITEM MENU ITEM SOLD FOOD MENU PRICE COSTS REVENUES Cost COST % Spicy Chicken 120 $7.75 $12.5 Wings Column Totals 1300 $9,500 $21,000Question 2 1 pts Food opening inventory $17,500 Food purchases $2,500 Food ending inventory $3,350 Cost of Goods Consumed Employee meals $250 Promotional food $125 Bar transfers $110 1. What is the actual cost of goods sold? 2. What is the actual food cost percentage?Question 3 1 pts Based on the previous two questions, What is the variance in dollars? Variance is than in dollars What is the variance in percentage points