Problem 8.6: General Accounting Eaglewood Catering Company incurred $72,000 of food service costs in May when it served 15,000 meals. In August, when it served 10,000 meals, the food service cost was $56,000. Based on this limited data, estimate for the cost of food service: A. the variable cost per unit B. the fixed cost per month
Problem 8.6: General Accounting Eaglewood Catering Company incurred $72,000 of food service costs in May when it served 15,000 meals. In August, when it served 10,000 meals, the food service cost was $56,000. Based on this limited data, estimate for the cost of food service: A. the variable cost per unit B. the fixed cost per month
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
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Estimate for the cost of food service?
Transcribed Image Text:Problem 8.6: General Accounting
Eaglewood Catering Company incurred $72,000 of food service
costs in May when it served 15,000 meals. In August, when it
served 10,000 meals, the food service cost was $56,000.
Based on this limited data, estimate for the cost of food
service:
A. the variable cost per unit
B. the fixed cost per month
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