Question 1
An operation had an adjusted food cost of $12,200 in an accounting period. The adjusted food cost percentage for the period was 40%. What was the operation's revenue for the period?
◦ $30,500
◦ $38,800
◦ $40,500
◦ $48,800
Question 2
An operation had beverage revenue of $25,800 in an accounting period. The unadjusted beverage cost percentage for the period was 20%. What was the unadjusted cost of beverage for the period?
◦ $2160
◦ $3160
◦ $4160
◦ $5160