Trumball Catering served 4,600 meals last month. Trumball recorded the following costs with those meals:Variable costs:Ingredients usedDirect laborIndirect materials and suppliesUtilitiesTruck fuel and other variable costsFixed costs:Managers' salariesRentDepreciation on trucks and equipment(straight-line, time basis)Miscellaneous fixed costs$ 10,80023,70010,500Total variable costsTotal fixed costsTotal costsUnit costs4,3806,800$ 31,70017,20010,6004,700Required:Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if5,520 meals are served next quarter.Note: Round "Unit costs" answer to 2 decimal places.

Total variable costs include the cost of ingredients used, direct labor, indirect material and…

Answered: Required: Unit variable costs and total…

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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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