Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How to solve? 2) points) You have started a catering business and your first customer asked you to provide lunch Juring 4 employee meetings in
How to solve?
2) points) You have started a catering business and your first customer asked you to provide lunch Juring 4 employee meetings in the month of September. You would like to use the expense information to predict your overall expenses as you get more customers. Here is a list of costs you incurred for the four lunches: Food supplies: Employee Wages and Overtime (Not salaried): Auto commuting expenses. Depreciation -food processing equipment refrigeration (per month): Manager's salary (Monthly): Office rent (Monthly): S500 $200 572 $50 S1000 S600 a) What is the total fixed cost? Variable Cost? b) What is the variable cost per lunch? c) What is the cost equation? d) Use your cost equation to estimate the cost of catering 10 lunches. e) During the Covid-19 Pandemic your Catering Company shut down for the month of April. What is your estimated cost for April
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started