Managers calculate product cost percentages based on the revenue the products generate. (7pts) Calculate the expense percentage for each cost listed. In the space below, Answer the following: For each cost type the cost and its percentage of the revenue generated, Food sales $16,000 Beverage sales $6,000 Total sales 100% Cost of sales food $5,000 Cost of sales beverages $2.375 Marketing $250 Rent $2,750 Salaries and wages $4,500 Utility services $400 Insurance $225