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Coffee Experts PLC operates number of stands in a busy business street of Karachi. The fixed weekly expense of coffee stand is PKR 1,100 against 2000 cups and the variable cost per cup of coffee is served is PKR 0.26.                                                                                                                                             Required: Fill in the following table with your estimates. Round off the cost to the nearest tenth of a paisa. Cost Items Cups of Coffee Served in a Week 1,800 1,900 2,000 Fixed cost       Variable cost       Total  cost       Average cost per cup of coffee served

Coffee Experts PLC operates number of stands in a busy business street of Karachi. The fixed weekly expense of coffee stand is PKR 1,100 against 2000 cups and the variable cost per cup of coffee is served is PKR 0.26.                                                                                                                                             Required: Fill in the following table with your estimates. Round off the cost to the nearest tenth of a paisa. Cost Items Cups of Coffee Served in a Week 1,800 1,900 2,000 Fixed cost       Variable cost       Total  cost       Average cost per cup of coffee served

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Coffee Experts PLC operates number of stands in a busy business street of Karachi. The fixed weekly expense of coffee stand is PKR 1,100 against 2000 cups and the variable cost per cup of coffee is served is PKR 0.26.                                                                                                                                            

Required:

Fill in the following table with your estimates. Round off the cost to the nearest tenth of a paisa.

Cost Items

Cups of Coffee Served in a Week

1,800

1,900

2,000

Fixed cost

 

 

 

Variable cost

 

 

 

Total  cost

 

 

 

Average cost per cup of coffee served

 

 

 
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