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4. Kates Catering had the following costs for March and April March April Total cost incurred March. April total cost incurred $13,000 $19,000 number meals
4. Kates Catering had the following costs for March and April March April Total cost incurred
March. April
total cost incurred $13,000 $19,000
number meals served 2,000 3,200
- Using the differences in the two columns, calculate the variable cost per meal served.
- Using the estimated of variable cost from part (a), calculate the fixed cost when 2,000 meals are served in a month (Take March total costs and subtract the variable cost for 2,000 meals)
- Using the estimated of variable cost from part (a), calculate the fixed cost when 3,200 meals are served in a month (Take April total costs and subtract the variable cost for 3,200 meals)
- Using the estimated of variable cost from part (a), calculate the fixed cost when 3,200 meals are served in a month (Take April total costs and subtract the variable cost for 3,200 meals)
- The fixed cost computed for 2,000 meals is ______________ than the fixed costs for 3,200 meals
- Place an X next to the correct answer for greater than, equal to, or less than
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