FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The food cost for a steak dinner is $ 1 5 . If a restaurant sold 4 5 0 steak dinners and the total food

The food cost for a steak dinner is $15. If a restaurant sold 450 steak dinners and the total food cost was actually $6,975, what is the cost variance of the food?
Select one:
a. $665 U
b. $351 F
c. $15.50 per steak
d. $225 U

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Leading And Collaborating In The Competitive World

Management Leading And Collaborating In The Competitive World

Authors: Thomas Bateman, Scott Snell

9th Edition

0078137241, 9780078137242

Students also viewed these General Management questions

Question

★★★★★
Nitrogen from a gaseous phase is to be diffused into pure iron at 675C. If the surface concentration is maintained at 0.2 wt% N, what will be the concentration 2 mm from the surface after 25 h? The...

Answered: 1 week ago

Question

★★★★★
=+1. A producer of beverage containers wants to ensure that a liquid at 90C will lose no more than 4C after 30 minutes. Containers are selected at random and subjected to testing. Historical data...

Answered: 1 week ago

Question

★★★★★
A government researcher is analyzing the relationship between retail sales and the gross national product (GNP). He also wonders whether there are significant differences in retail sales related to...

Answered: 1 week ago

Question

★★★★★
When First Nations Bank of Australia holds more short-term assets relative to long-term liabilities, the bank is Select one: a exposed to refinancing risk b. exposed to restructuring risk c. exposed...

Answered: 1 week ago

Question

★★★★★
We will want to be able to calculate velocity from our y vs t data. See the Analysis Help file for an explanation of how to find velocity using the symmetric difference formula. Using the sample data...

Answered: 1 week ago

Question

★★★★★
"Fina, SA de CV" is dedicated to the sale of furniture, requests your advice to determine the authorized deductions that meet tax requirements, in accordance with the LISR, to determine the tax...

Answered: 1 week ago

Question

★★★★★
The summarized financial statements of Baraka Enterprises Ltd. are as follows: Income statements for the year ended 30 September: 2013 Sh.'000' 2014 Sh.'000' Sales Cost of sales Gross profit...

Answered: 1 week ago

Question

★★★★★
Shweta makes the following choices between various of pairs of cuisines: C({Indian, Japanese}) = Indian C({Ethiopian, Chinese}) = Ethiopian C({Turkish, Thai}) = Turkish C({Japanese, Ethiopian}) =...

Answered: 1 week ago

Question

★★★★★
Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that...

Answered: 1 week ago

Question

★★★★★
Module 2: Exemplary Level (2 marks) 8) A swimmer wants to end up at a dock due north of her starting point on the south side. In still water her maximum speed is 1.25 m/s. The river has a current...

Answered: 1 week ago

Previous Question Next Question