8. In Fribney's Restaurant, actual cost for September was $49,000. Sales for September were $140,000. Standard...

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8. In Fribneys Restaurant, actual cost for September was $49,000. Sales for September were $140,000. Standard cost percent w

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Answer 1

Answer #1

Actual cost percent = 35% [ $49000/ $ 140000*100)

Standard Cost Percent = 30% (35%-5%)

Answer is 30%

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Answer 2

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