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Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total co 5,520 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places. 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 co 5,520 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places. Total variable costs Total fixed costs Total costs Unit costs

FINANCIAL ACCOUNTING
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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Trumball Catering served 4,600 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 $ 10,800 23,700 10,500 Total variable costs Total fixed costs Total costs Unit costs 4,380 6,800 $ 31,700 17,200 10,600 4,700 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 5,520 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places.
Transcribed Image Text:Trumball Catering served 4,600 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 $ 10,800 23,700 10,500 Total variable costs Total fixed costs Total costs Unit costs 4,380 6,800 $ 31,700 17,200 10,600 4,700 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 5,520 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places.
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