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Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,100 and the

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image text in transcribedimage text in transcribed Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,100 and the variable cost per cup of coffee served is $0.53. 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? Complete this question by entering your answers in the tabs below. 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. (Round the "Average cost per cup of coffee served" to 3 decimal places.) Complete this question by entering your answers in the tabs below. 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? Cherokee Incorporated is a merchandiser that provided the following information: Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Prepare a traditional income statement. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement. Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 17,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 20,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 14,000 units? (For all requirements, do not round intermediate calculations.)

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