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Problem 5 a. Control procedures implemented during June have reduced the actual food cost per- centage by 0.5 percent and the actual beverage cost
Problem 5 a. Control procedures implemented during June have reduced the actual food cost per- centage by 0.5 percent and the actual beverage cost percentage by 1.8 percent from the May levels calculated in Problem 4. If actual revenues in June were as follows, calcu late the actual costs. Data for June Actual Actual Food Food Cost Revenue Percent Food Cost Beverage Revenue Actual Beverage Cost Percent Actual Beverage Cost $192,665 $74,700 b. What is the amount of cost savings (increased profits) realized by the control measures if, in their absence, the actual product cost percentages were the same as in May?
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