Java Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,500 and the variable cost per cup of coffee served is $0.19. Required: Estimate the total costs and average cost per cup of coffee at the indicated levels of activity for a coffee stand. Round off the cost of a cup of coffee to the nearest cent. Cups of Coffee Served in a Week 3,700 3,800 3,900 $1,500 $1,500 $1,500 703 722 $2.203 $2.222 $2,241 $ 0,60 $ 0.58 $ 0.57 Fixed cost Variable cost Total cost Average cost per cup of coffee served 741 |