Sophia's Restaurant served 5,500 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Fixed costs: Managers' salaries Rent Depreciation on equipment (straight-line, time basis) Other fixed costs $15,250 11,500 6,300 2,700 24,500 20,500 4,500 5,670 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,950 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.)
Sophia's Restaurant served 5,500 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Fixed costs: Managers' salaries Rent Depreciation on equipment (straight-line, time basis) Other fixed costs $15,250 11,500 6,300 2,700 24,500 20,500 4,500 5,670 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,950 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sophia's Restaurant served 5,500 meals last quarter. Sophia
recorded the following costs with those meals.
Variable costs:
Ingredients used
Direct labor
Indirect materials and supplies
Utilities
Fixed costs:
Managers' salaries
Rent
Depreciation on equipment (straight-line,
time basis)
Other fixed costs
$15,250
11,500
Total variable costs
Total fixed costs
Total costs
Unit costs
6,300
2,700
24,500
20,500
4,500
5,670
Required:
Unit variable costs and total fixed costs are expected to remain
unchanged next quarter. Calculate the unit cost and the total cost
if 4,950 meals are served next quarter. (Round "Unit costs"
answer to 2 decimal places.)
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