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Compute the food cost percentage if sales are $200,000 and food cost is $65,000. The rent expense is $1,000 at a sales level of
Compute the food cost percentage if sales are $200,000 and food cost is $65,000. The rent expense is $1,000 at a sales level of $100,000. Budget the rent expense at a sales level of $200,000.
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Step: 1
To compute the food cost percentage we divide the fo...
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