Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salaries $5,510 Worker salaries 26,300 Food costs 12,920 Equipment costs
The cafeteria at X Company incurred the following costs in September:
Cost Item | Cost |
Supervisor salaries | $5,510 |
Worker salaries | 26,300 |
Food costs | 12,920 |
Equipment costs | 6,340 |
Supplies | 3,363 |
Total | $54,433 |
Food costs and supplies were variable; supervisor salaries, worker salaries, and equipment costs were fixed. The cafeteria served 11,000 meals during September. In October, the cafeteria is expected to serve 10,300 meals.
2.Using account analysis with this data, estimate total cafeteria costs in October [round variable costs per unit to two decimal places]?
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