Please do not give solution in image format thanku Exercise 2-51 (Algo) Cost Behavior and Forecasting (LO 2-5)Trumball Catering served 6,000 meals last month. Trumball recorded the following costs with those meals:Variable costs:Ingredients usedDirect laborIndirect materials and suppliesUtilitiesTruck fuel and other variable costsFixed costs:Managers salariesRentDepreciation on trucks and equipment(straight-line, time basis)Miscellaneous fixed costa$ 12,20026,50013,3006,2008,200$ 38,70024,20017,6007,500Required:Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if7,200 meals are served next quarter.Note: Round "Unit costs" answer to 2 decimal places.

The unit variable costs are calculated as total variable costs divided by the number of the units…

Exercise 2-51 (Algo) Cost Behavior and Forecasting (LO 2-5) Trumball Catering served 6,000 meals last month. Trumball recorded the following costs with those meals: Variable costa: Ingredients used Direct labor Indirect materials and supplies Utilities Truck fuel and other variable costs Fixed costa Managers salaries Rent Depreciation on trucks and equipment (straight-line, time basis) Kiscellaneous fixed costa $ 12,200 26,500 13,300 6,200 8,200 $ 38,700 24,200 17,600 7,500 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost 7,200 meals are served next quarter,

Exercise 2-51 (Algo) Cost Behavior and Forecasting (LO 2-5) Trumball Catering served 6,000 meals last month. Trumball recorded the following costs with those meals: Variable costa: Ingredients used Direct labor Indirect materials and supplies Utilities Truck fuel and other variable costs Fixed costa Managers salaries Rent Depreciation on trucks and equipment (straight-line, time basis) Kiscellaneous fixed costa $ 12,200 26,500 13,300 6,200 8,200 $ 38,700 24,200 17,600 7,500 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost 7,200 meals are served next quarter,

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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