Sophia's Restaurant served 6,700 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 17,190 Direct labor 13,900 Indirect materials and supplies 8,700 Utilities 5,100 Fixed costs: Managers' salaries 30,500 Rent 26,500 Depreciation on equipment (straight-line, time basis) 10,500 Other fixed costs 11,304 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,030 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costs
Sophia's Restaurant served 6,700 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 17,190 Direct labor 13,900 Indirect materials and supplies 8,700 Utilities 5,100 Fixed costs: Managers' salaries 30,500 Rent 26,500 Depreciation on equipment (straight-line, time basis) 10,500 Other fixed costs 11,304 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,030 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costs
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 10E: SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that...
Related questions
Question
Sophia's Restaurant served 6,700 meals last quarter. Sophia recorded the following costs with those meals.
|
|
|
Variable costs: |
|
|
Ingredients used |
$ |
17,190 |
Direct labor |
|
13,900 |
Indirect materials and supplies |
|
8,700 |
Utilities |
|
5,100 |
Fixed costs: |
|
|
Managers' salaries |
|
30,500 |
Rent |
|
26,500 |
|
|
10,500 |
Other fixed costs |
|
11,304 |
Required:
Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 6,030 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.)
Total variable costs
Total fixed costs
Total costs
Unit costs
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,