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Exercise 2-48 (Algo) Cost Behavior and Forecasting (LO 2-5) Sophia's Restaurant served 5,200 meals last quarter. Sophia recorded the following costs with those meals.
Exercise 2-48 (Algo) Cost Behavior and Forecasting (LO 2-5) Sophia's Restaurant served 5,200 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used Direct labor Indirect materials and supplies $14,580 10,900 5,700 Utilities 2,100 Fixed costs: Managers' salaries 23,000 Rent 19,000 Depreciation on equipment (straight-line, time 3,000 basis) Other fixed costs 3,834 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,680 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costs
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