Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is $0.22. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated. levels of activity for a coffee stand. Round off the cost of a cup of coffee to the nearest tenth of a cent. Fixed cost. Variable cost Total cost Average cost per cup of coffee served Cups of Coffee Served in a Week 2,000 2,200 ? ? ? ? ? ? ? ? 2,100 ? ? ? ? 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? Explain.

Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is $0.22. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated. levels of activity for a coffee stand. Round off the cost of a cup of coffee to the nearest tenth of a cent. Fixed cost. Variable cost Total cost Average cost per cup of coffee served Cups of Coffee Served in a Week 2,000 2,200 ? ? ? ? ? ? ? ? 2,100 ? ? ? ? 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? Explain.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EB: Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month...

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