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1 Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly
1 Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,700 and the variable cost per cup of coffee served is $0.49. 25 points Skipped Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print Fill in the following table with estimates of the company's total cost and ave levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal n s per cup of coffee at the indicated places.) References Cups of Coffee Served in a Week 1,500 1,600 1,700 1,700 Fixed cost S 1,700 1,700 Variable cost Total cost Average cost per cup of coffee served 1,700 1,700 $ 1,700 Required 1 > Required 2
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