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(a) How is the food cost percentage compared? (b) Assume that the total standard cost is $18,282 and total standard sales revenue is $48,487. Determine
(a) How is the food cost percentage compared? (b) Assume that the total standard cost is $18,282 and total standard sales revenue is $48,487. Determine the standard cost percentage. (c) Assuming total actual cost is $18,480 and total actual sales revenue is $48,487. Determine the actual cost percentage. Total Points = 15; 5 points for each of the 3 short answer questions (a, b, and c)
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