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DESPERATE for help on this 6. The Exclusive Restaurant uses a standard cost approach to aid in controlling its food costs Listed below are the

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6. The Exclusive Restaurant uses a standard cost approach to aid in controlling its food costs Listed below are the sales price, standard food cost, and quantity sold for its five menu items for the week ending May 7, 20x8 (10 pointa) Quantity dem Standard Food Cost $2.30 $1.80 $1.95 $2.30 $0.60 Price $6.95 $5.45 $5.95 $6.85 $3.95 Meat Loaf Chicken Salad Fish & Chips Pork Chops Garden Salad 150 170 130 120 70 The actual sales for the week equaled $4138.50 while the actual food oosts equaled $1431.00 Required Calculate the standard food oost percentage based on the information above. (8 points) a. (2 points) b. Caloulate the actual food cost percentage for the week

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