What is the total variance for food cost in $ for this 3 month period? Show all work.
Food and Beverage Control
3. April Sales at Kitty’s restaurant were $48,510. Food and Beverage expenses were $12,128 and Labor expenses were $14,553. Other operating expenses were $10,642.
Kitty planned for a profit of $12,000 for the month of April. Did she earn her desired profit? Briefly explain your answer using the data presented in the problem. Show all work.
Month Food revenue Standard food costs Actual food costs
January $75,320 33% 38%
February $68,120 32% 34%
March $73,450 33% 36%
What is the total variance for food cost in $ for this 3 month period? Show all work.