Sales variance percentage always results in positive number

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Reference no: EM132226364

True or False

1. A manager’s operation achieved $18,000 in sales last month. This month the operation achieved $19,080 in sales. The operation’s sales increase this month when compared to last month was 6%.

T or F

2. The calculation of an operation’s sales variance percentage always results in a positive number.

T or F

3. The formula for Food Cost % is: Food Sales (÷) Cost of Food Sold = Food Cost %.

T or F

4. Cost of Food Sold is the actual amount of all food expenses incurred by an operation minus its cost of employee meals.

T or F

Reference no: EM132226364

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