Short answer question. Determine the difference between the actual and standard cost percentages and potential savings from the following information: monthly opening inventory was $7,414.80, purchases were $17,642.80. The closing inventory for the month was $6,327.35; the bar to kitchen transfers totaled $443.00, and kitchen to bar transfers were $226. Employee meals for the month were $837.00. The sales were $50,028.50 and standard costs totaled $16,749.75. Please show all calculations.