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Exercise 2-51 (Static) Cost Behavior and Forecasting Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Variable costs: Ingredients
Exercise 2-51 (Static) Cost Behavior and Forecasting Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Truck fuel and other variable costs Fixed costs: Managers' salaries Rent Depreciation on trucks and equipment (straight-line, time basis) Miscellaneous fixed costs $10,200 22,500 9,300 3,600 6,200 $28,700 14,200 7,600 3,500 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 4,800 meals are served next quarter. Note: Round "Unit costs" answer to 2 decimal places. Total variable costs $ 10,200 Total fixed costs $ 22,500 Total
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