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7. Analyze the report shown in Figure 5.2 below and answer the questions below: What trend is shown on below-favorable or unfavorable? Explain your answer.
7. Analyze the report shown in Figure 5.2 below and answer the questions below: What trend is shown on below-favorable or unfavorable? Explain your answer. To answer, compare the sales, the costs and cost % (increase or decrease and whether that is favorable or unfavorable.) Figure 5.2. Daily Food Cost Report to Management, Including Percentages Date 6-Jun Today Same Day Last Week To Date This Week To Date Last Week Food sales $2,986.95 $2,678.50 $13,179.25 $14,376.50 Food cost Cost % $1,337.75 $950.40 44.786% 35,488% $5,455.50 41.395% $4,901.35 34.093% 6. In Midtown Restaurant, actual cost in November 2021 was $49,000. Sales in the same month were $139,000. Standard cost percent was 2.0% lower than actual cost percent. Given the information in this question, what are the potential savings for November 2021 in dollars? Show the calculation, not just the final answer. Round all calculations to hundredth of decimal (.00) unless it naturally rounds up to tenth of decimal (.0) 2. Fill in the empty cells in the table below. Round the calculation to hundredth of decimal (.00) when necessary. You don't have to show the calculations in this question, just fill in the table. Actual Cost Standard Sales Cost Standard Cost % Actual Cost% Savings S 9 a. 120.00 100.00 400.00 b. 1394.40 1324.68 3486.00
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