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Exercise 2-48 (Static) Cost Behavior and Forecasting (LO 2-5) Sophia's Restaurant served 5,000 meals last quarter. Sophia recorded the following costs with those meals. $14,000
Exercise 2-48 (Static) Cost Behavior and Forecasting (LO 2-5) Sophia's Restaurant served 5,000 meals last quarter. Sophia recorded the following costs with those meals. $14,000 10,500 5,300 1,700 Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Fixed costs: Managers' salaries Rent Depreciation on equipment (straight-line, time basis) Other fixed costs 22,000 18,000 2,000 3,000 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,500 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) $ Total variable costs Total fixed costs 31,500 45,000 $ Total costs $ 76,500 Unit costs $ 15.30
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