Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,400 and the variable cost per cup of coffee served is $0.51. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. A 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal places.) Fixed cost Variable cost Total cost Average cost per cup of coffee served Answer is complete but not entirely correct. $ $ $ 900 Cups of Coffee Served in a Week 1,000 1,400 $ 459 1,859 2.100 $ $ < Required 1 1,400 $ 510 1,910 1.910 $ $ 1,100 1,400 561 1,961 0.561 X Required 2 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is
$1,400 and the variable cost per cup of coffee served is $0.51.
Required:
1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of
activity.
2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a
week increases?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
X Answer is complete but not entirely correct.
Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated
levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal places.)
Fixed cost
Variable cost
Total cost
Average cost per cup of coffee served
$
$
$
900
Cups of Coffee Served in a Week
1,000
1,400
459
1,859
2.100
Required 1
$
$
$
1,400
510
1,910
1.910
$
$
$
1,100
1,400
561
1,961
0.561
Required 2 >
Transcribed Image Text:ts Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,400 and the variable cost per cup of coffee served is $0.51. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Complete this question by entering your answers in the tabs below. Required 1 Required 2 X Answer is complete but not entirely correct. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal places.) Fixed cost Variable cost Total cost Average cost per cup of coffee served $ $ $ 900 Cups of Coffee Served in a Week 1,000 1,400 459 1,859 2.100 Required 1 $ $ $ 1,400 510 1,910 1.910 $ $ $ 1,100 1,400 561 1,961 0.561 Required 2 >
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