If you have a standard food cost of 38 percent, a product mix of 38 percent, and an actual food cost of 42 percent, what must you do to correct the problem?

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asked Dec 22, 2021 72.4k views

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Erik · Answer 1 · 2021-12-26T17:02:01+0000

Answer:

Investigate the production costs incurred and the mix and yield of the product

Step-by-step explanation:

The Variance lies in the Price/Cost and Usage. Therefore to correct the problem, Investigate the production costs incurred and the mix and yield of the product.

If you have a standard food cost of 38 percent, a product mix of 38 percent, and an actual food cost of 42 percent, what must you do to correct the problem?

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