Cost Analysis Revenue $ 120,000.00 Opening Food Inventory $ 12,000.00 Food Purchases $ 40,000.00 Ending Food Inventory $ 10,500.00 Costs of Food Consumed $ 41,500.00 Employee Meals $ 1,500.00 Promotional Food $ 650.00 Food Transfers to Bar $ 260.00 Bar Transfers to Kitchen $ 250.00 1. What is the actual cost of goods sold? [Select] 2. What is the actual food cost percentage? [Select] 3. Assuming standard cost is $38,000, what is the cost variance in dollars? [Select] 4. Assuming revenue of $120,000, what is the variance in cost percentage? [Select] 5