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Tasty Resturant sells 4,500 plates of food each week. Among the costs are waitress wages, $25,000; resturant manager salaries, $26,000; food cost, $41,000; baverages; $ 19,000, packaging and claening supplies costs, $28,000, cooking equipments: $42,000. Using this information, compute: (a) prime costs and (b) conversion costs.

Tasty Resturant sells 4,500 plates of food each week. Among the costs are waitress wages, $25,000; resturant manager salaries, $26,000; food cost, $41,000; baverages; $ 19,000, packaging and claening supplies costs, $28,000, cooking equipments: $42,000. Using this information, compute: (a) prime costs and (b) conversion 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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Tasty Resturant sells 4,500 plates of food each week. Among the costs are waitress wages, $25,000; resturant manager salaries, $26,000; food cost, $41,000; baverages ; $ 19,000, packaging and claening supplies costs, $28,000, cooking equipments: $42,000. Using this information, compute: (a) prime costs and (b) conversion costs.
Transcribed Image Text:Tasty Resturant sells 4,500 plates of food each week. Among the costs are waitress wages, $25,000; resturant manager salaries, $26,000; food cost, $41,000; baverages ; $ 19,000, packaging and claening supplies costs, $28,000, cooking equipments: $42,000. Using this information, compute: (a) prime costs and (b) conversion costs.
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