Sophia's Restaurant served 5,000 meals last quarter. Sophia recorded the following costs with those meals. Variable...
Sophia's Restaurant served 5,000 meals last quarter.
Sophia recorded the following costs with those meals.
Variable costs: Ingredients used $ 14,000
Direct labor 10,500
Indirect materials and supplies 5,300
Utilities 1,700
Fixed costs:
Managers' salaries 22,000
Rent 18,000
Depreciation on equipment (straight-line, time basis) 2,000
Other fixed costs 3,000
Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,500 meals are served next quarter
TOTAL VARIABLE COST
TOTAL FIXED COST
TOTAL COST
UNIT COST
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Sophia's Restaurant served 5,000 meals last quarter.
Sophia recorded the following costs with those meals.
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