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Seneca College *

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440

Subject

Accounting

Date

Nov 24, 2024

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pdf

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2

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10/30/23, 8:58 PM Chapter 5 Post-Class Homework https://www.ameengage.com/mod/quiz/review.php?attempt=4638515&cmid=1260507&page=1 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Post-Class Homework Question 2 Not answered Mark 0.00 out of 1.00 Take me to the text Lonely Restaurant has determined the following amounts related to costs of menu items. Per Meal Total Direct Materials $4.80 Direct Labour $3.40 Variable Overhead $2.20 Fixed Overhead $1,044 Selling and Administrative Expenses $830 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. If Lonely Restaurant plans to serve 580 meals, what is the full cost of a meal? Full Cost: $ Explanation Full Cost = All Variable Costs + (Fixed Overhead ÷ Meals Sold) Full Cost: $12.20
10/30/23, 8:58 PM Chapter 5 Post-Class Homework https://www.ameengage.com/mod/quiz/review.php?attempt=4638515&cmid=1260507&page=1 2/2
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