Bayshore Catering Company incurred $63,000 of food service costs in June when it served 12,500 meals. In September, when it served 8,500 meals, the food service cost was $51,000. Based on this limited data, estimate for the cost of food service: A. the variable cost per unit B. the fixed cost per month
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- Estimate the variable cost per meal and the total fixed cost using the high-low methodUse the attached and calculate the below: Identify the fixed and variable costs associated with Cosgrove. Calculate the average costs per month.Please explain the solution to this general accounting problem with accurate explanations.
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- Froot Loop Inc. a cereal manufacturer, has variable costs of $0.80 per unit of product. In May, the volume of production was 27,000 units, and units sold were 20,400O. The total production costs incurred were $31,100. What are the fixed costs per month? O $14,780 O $21.600 O $9500 O $4100 Next???Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Truck fuel and other variable costs Fixed costs: Managers' salaries Rent Depreciation on trucks and equipment (straight- line, time basis) Miscellaneous fixed costs Total variable costs Total fixed costs Total costs Unit costs Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,800 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places. $ $ $ $ $ 10, 200 22,500 9,300 3,600 6, 200 51,800 54,000 62,160 12.95 $ 28,700 14, 200 7,600 3,500
- Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: $45 per unit Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Calculate the product costs per unit Note: Round your answer to 2 decimal places. b. Calculate the period costs for the period. $ 23,100 $ 8,400 Exercise 2-55 (Static) Components of Full Costs (LO 2-6) a. Product costs per unit b. Period costs $2 $ 13 $3 $9 21,000Sophia's Restaurant served 6,700 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 17,190 Direct labor 13,900 Indirect materials and supplies 8,700 Utilities 5,100 Fixed costs: Managers' salaries 30,500 Rent 26,500 Depreciation on equipment (straight-line, time basis) 10,500 Other fixed costs 11,304 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,030 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costsWestern Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $66,907 in March and rose to $91,658 in April. It costs Western Trucking $0.49 per mile in variable costs. In March, the delivery trucks were driven a total of 84,497 miles, and in April, they were driven a total of 92,097 miles. Using this information, answer the following: What were the total costs per mile to operate the fleet in April? Round to the nearest penny, two decimals.