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Problem 11 Problem 12 Covers 1 10 50 1 10 50 Menu Price Food Cost Compute the sales and food costs for the volumes below from the following data: Covers Sales $12.00 3.60 Sales Food Cost Food Cost Compute the food costs from the data in Problem 11, except assume that the menu price has changed to $12.75. Carry the food cost percentage to three decimal positions.

Problem 11 Problem 12 Covers 1 10 50 1 10 50 Menu Price Food Cost Compute the sales and food costs for the volumes below from the following data: Covers Sales $12.00 3.60 Sales Food Cost Food Cost Compute the food costs from the data in Problem 11, except assume that the menu price has changed to $12.75. Carry the food cost percentage to three decimal positions.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 11 Problem 12 Covers 1 10 50 1 10 50 Menu Price Food Cost Compute the sales and food costs for the volumes below from the following data: Covers Sales $12.00 3.60 Sales Food Cost Food Cost Compute the food costs from the data in Problem 11, except assume that the menu price has changed to $12.75. Carry the food cost percentage to three decimal positions.
Transcribed Image Text:Problem 11 Problem 12 Covers 1 10 50 1 10 50 Menu Price Food Cost Compute the sales and food costs for the volumes below from the following data: Covers Sales $12.00 3.60 Sales Food Cost Food Cost Compute the food costs from the data in Problem 11, except assume that the menu price has changed to $12.75. Carry the food cost percentage to three decimal positions.
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