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.
The variable cost per unit
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Estimate for the cost of Food services.
Estimate for the cost of food service?
What is the fixed cost per month?
What is the fixed cost per month? For this accounting question
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 meal
Global Publishers has collected the following data for recent months: Month Issues Published Total Cost March 2,500 $20,960 April 3,800 22,464 May 1,750 18,495 June 2,200 21,395 Using the high-low method, find variable cost per unit and total fixed costs. What is the estimated cost for a month in which 4,000 issues are published?
Use the attached and calculate the below: Identify the fixed and variable costs associated with Cosgrove. Calculate the average costs per month.
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