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7. Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period was $32,000. Sales were $100,000 for the

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7. Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period was $32,000. Sales were $100,000 for the month. Given this information, one can determine that potential savings for the period was: a. 32.0% b. $3,000 c. neither (a) nor (b) is correct

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