Give answer the financial accounting question In May, Ocean view Hospitality Group incurred $75,000 of food service costs andserved 15,000 meals.In November, when 10,000 meals were served, the food service cost was $60,000.Based on this limited data, estimate the following for the cost of food service:A. The variable cost per unitB. The fixed cost per month

Step 1: Definition of Variable and Fixed CostsVariable Cost: Costs that change in direct proportion…

Answered: In May, Ocean view Hospitality Group…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 7EA: Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are...

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Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.
Using the information in the previous exercises about Marleys Manufacturing, determine the operating income for department B, assuming department A sold department B 1,000 units during the month and department A reduces the selling price to the market price.
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General Accounting
Estimate for the cost of Food services.
Estimate for the cost of food service?
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What is the fixed cost per month?
What is the fixed cost per month? For this accounting question
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Western 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.

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