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Sam's Chop has budgeted the following costs for a month in which 1,500 steak dinners will be produced and sold: Materials, $3,750; labor (variable), $3,000;

Sam's Chop has budgeted the following costs for a month in which 1,500 steak dinners will be produced and sold: Materials, $3,750; labor (variable), $3,000; rent (fixed), $2,400; straight-line depreciation, $600; and other costs that don't change when the number of dinner sold changes, $1,800. Sam sells the steak dinners for $10.00 each. Reference: Ref 1-1 What is the budgeted total fixed cost? Answer $11,550 $7,800 $4,800 $3,750

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