Q1.

In July, Edmonds Resort Company incurred $62,400 of food service costs and served 12,000 meals.

In December, when 8,000 meals were served, the food service cost was $49,600.

Based on this limited data estimate for the cost of food service:

A. the variable cost per unit

B. the fixed cost per month

Show your final answer on the top line next to the letter. Show your calculations directly below the answer

1. Q2.

2. PricherCorporation'sincomestatementforlastyearappearsbelow:

   Sales		$2,000,000
   Costofgoodssold:
   Directmaterials	$500,000
   Directlabor(variable)	150,000
   Variablemanufacturingoverhead	50,000
   Fixedmanufacturingoverhead	600,000	1,300,000
   Grossmargin		700,000
   Sellingandadministrativeexpenses:
   Variable	100,000
   Fixed	300,000	400,000
   Netoperatingincome		$300,000

   Thebreak-evenpointlastyearinrevenuewas:

   Choosetheclosestanswer.

   a.	$1,500,000
   b.	$2,571,429
   c.	$1,250,000
   d.	$900,000

4. Q3.

5. ThegraphbelowisaCVPgraphforMatchCorp.(notintendedtobetoscale).Ifyou(oryourcomputer)arecolorchallenged,thearrowpointsgointhisorder(clock-wise):green,darkblue,pink,brown,lightblue.Thegraphhastherevenueandtotalcostlinesthatarestandard.Inaddition,ithaslinesforfixedcost,variablecost,andprofit.

   Matchsellsasingleproductfor$70each.Variablecostsfortheproductare$40each.Match'sfixedcostsare$60,000permonth.

   ComputetheslopeforeachlinebasedonthedataforMatchCorp.aboveandyourgeneralknowledgeofwhateachlineinthegraphrepresents.

   Hint:eachanswerwillbeanumber(nodecimals,commas,etc.)andyoucanusethesamenumbertwice,ifneeded.Onlyentertheslope,nothingelse.

   2. slopeofgreenline
   3. slopeofdarkblueline
   4. slopeofpinkline
   5. slopeofbrownline
   6. slopeoflightblueline