In May, Ocean view Hospitality Group incurred $75,000 of food service costs and served 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 unit B. The fixed cost per month
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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.Please help
- What is the fixed cost per month?1,500 meals were sold last period at a local restaurant at a variable cost per meal of $8. Total fixed costs are $5,000 per period. What is their total cost per meal? a. $8.30 per meal b. $11 per meal c. $11.33 per mealWestern 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.
- Tucker Pup’s Pet Resort offers dog boarding services in Chicago. Assume that in March, when dog- days occupancy was at an annual low of 150 days, the average cost per dog-day was $65. In July, when dog-days were at a capacity level of 600, the average cost per dog-day was $20. a.Develop an equation for monthly operating costs. b.Determine the average boarding cost per dog-day at an annual volume of 4,500 dog-days.Tucker Pup's Pet Resort offers dog boarding services in Chicago. Assume that in March, when dog- days occupancy was at an annual low of 150 days, the average cost per dog-day was $65. In July, when dog-days were at a capacity level of 600, the average cost per dog-day was $20. a. Develop an equation for monthly operating costs. b.Determine the average boarding cost per dog-day at an annual volume of 4,500 dog-days.Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $70,557 in March and rose to $90,644 in April. It costs Western Trucking $0.61 per mile in variable costs. In March, the delivery trucks were driven a total of 81,549 miles, and in April, they were driven a total of 96,989 miles. Using this information, answer the following: What were the total costs to operate the fleet in March? Round to the nearest whole dollar, no decimals.
- Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Truck fuel and other variable costs Fixed costs: Managers' salaries Rent Depreciation on trucks and equipment (straight- line, time basis) Miscellaneous fixed costs Total variable costs Total fixed costs Total costs Unit costs Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,800 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places. $ $ $ $ $ 10, 200 22,500 9,300 3,600 6, 200 51,800 54,000 62,160 12.95 $ 28,700 14, 200 7,600 3,500Sophia's Restaurant served 6,700 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 17,190 Direct labor 13,900 Indirect materials and supplies 8,700 Utilities 5,100 Fixed costs: Managers' salaries 30,500 Rent 26,500 Depreciation on equipment (straight-line, time basis) 10,500 Other fixed costs 11,304 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,030 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costsUnit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the toal cost if 5,940 meals are served next quarter. (Round "unit costs" answer to 2 decimal places.)