Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary $5,920 Hourly workers wages 32,088 Food 11,074 Equipment 6,810

The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary $5,920 Hourly workers wages 32,088 Food 11,074 Equipment 6,810 Supplies 3,118 Total $59,010 The hourly workers wages, food costs, and supplies costs were variable; the supervisor salary and equipment costs were fixed. The cafeteria served 13,000 meals during September. In October, the cafeteria is expected to serve 12,350 meals. Using account analysis with this data, estimate the total cafeteria cost in October [round variable costs per unit to two decimal places]?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions