I computed the data as is asked for a~c, but I don't know how to...
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I computed the data as is asked for a~c, but I don't know how to make a comment on the results that's requested for part d. Please help me see if I have done it correctly. I need help with part d.
A restaurant has 4 menu entree items. The following standard cost for each item, their selling prices and quantities sold are shown for the month of August. Actual costs were $35,522 and actual sales revenue was $77,224 for the month. Entre Item Selling Item Quantit: Standard Standard Cost Price Cost % Sold Revenue Cost 1 $4.00 $10.00 40.0% 954 $9,540.00 $3,816.00 2 $4.40 $11.00 40.0% 1,125 $12,375.00 $4,950.00 3 $5.25 $12.50 42.0% 2,148 $26,850.00 $11,277.00 4 $6.85 $13.70 50.0% 2,170 $29,729.00 $14,864.50 a. Complete the table shown above: Calculate the individual cost percentages, standard sales revenue and standard costs for August. b. Calculate the standard cost percentage. Standard Cost Total Standard Sale Total Standard Cost % $34,908 $78,494 44.47% C. Calculate the actual cost percentage. Actual Cost Total Actual Sales Total Actual Cost % $35,522 $77,224 46.00% d. Comment on the results of standard costs compared to actual costs and standard sales revenue (round all dollar values to the nearest dollar)Get Answers to Unlimited Questions
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