Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period was $32,000. Sales were $100,000 for the month. Given this information, one can determine that potential savings for the period was:
A) 32.0%
B) $3,000
C) neither (a) nor (b) is correct
Correct Answer:
Verified
Q9: "Potential savings"
and "excessive cost"
are two different terms
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Q16: Given the information in 5 above, potential
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Q19: If actual cost for a period is
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