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In the Coquitlam Grill, the actual food cost in March 2023 was $35,000, and the...

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Accounting

In the Coquitlam Grill, the actual food cost in March 2023 was $35,000, and the food sales were $109,375. Management couldnt control the costs efficiently because of the sharply increased prices on many food items and, as a result, the actual food cost percentage was 2.0% higher than the standard food cost percentage. What were the potential food cost savings in this restaurant in April 2023 in dollars? Show the full calculations.

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