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The owner of Big Burger Restaurant wants to determine the unit cost associated with their 10,000 sales of burgers for January 201A. The variable expenses per burger: Burger patty P5.50 Bread 2.00 Ketchup 0.50 Lettuce 6.00 Mayonnaise 0.50 Total variable cost P14.50   The fixed expenses are as follows: Labor P5,500 Rent 2,500 Insurance 500 Advertising 2,000 Utilities 4,800 Total fixed cost P15,300

The owner of Big Burger Restaurant wants to determine the unit cost associated with their 10,000 sales of burgers for January 201A. The variable expenses per burger: Burger patty P5.50 Bread 2.00 Ketchup 0.50 Lettuce 6.00 Mayonnaise 0.50 Total variable cost P14.50   The fixed expenses are as follows: Labor P5,500 Rent 2,500 Insurance 500 Advertising 2,000 Utilities 4,800 Total fixed cost P15,300

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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The owner of Big Burger Restaurant wants to determine the unit cost associated with their 10,000 sales of burgers for January 201A.

The variable expenses per burger:

Burger patty

P5.50

Bread

2.00

Ketchup

0.50

Lettuce

6.00

Mayonnaise

0.50

Total variable cost

P14.50

 

The fixed expenses are as follows:

Labor

P5,500

Rent

2,500

Insurance

500

Advertising

2,000

Utilities

4,800

Total fixed cost

P15,300
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