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Actual food costs in Teahouse Restaurant in Stanley Park in December 2022 were $18,110.25 and...

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Accounting

Actual food costs in Teahouse Restaurant in Stanley Park in December 2022 were $18,110.25 and the food sales were $50,028.50. If standard costs estimated for December should have been $16,749.75, what were the potential savings as a percentage of sales? Show the full calculation and round all intermediate calculations and the final result to one decimal place.

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