Chapter 20 1. Loralei owns Loralei's Electra Club, a nightclub in a midsized coastal city. She has set a standard beverage costs are in line with her standard. Loralei wants to estimate her beverage cost after the first 10 days of the month. Since she doesn't have time to take a physical inventory, she decides to use her issues to estimate. Based on the first 10 days of the month, is her beverage cost within acceptable limits? 2. Guests come from all over the county to sample the surf and turf special at Mike's Seasid Cafe. However, Mike is concerned about his food cost%. He thinks that his seafood costs may be causing the problem. Help him calculate his category food cost percentages and his product usage ratios (portion of total cost). Then list six suggestions for Mike to help him lower his food cost%