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This is an easier question but need some clarification! Please see attachment! Fixed and variable cost behavior Coffee Express operates a number of espresso coffee
This is an easier question but need some clarification! Please see attachment!
Fixed and variable cost behavior Coffee Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,100 and the variable cost per cup of coffee served is $.26. Required: 1. Fill in the following table with your estimates of total costs and average costs 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 tenth of a cent. Fixed Cost Variable costs Cups of Coffee Served in a Week 1,800 1,900 ? ? ? ? Total cost ? ? Average cost per cup of coffee served ? ? Does the average cost per cup served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Explain. 2. Does the average cost per cup served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Explain. 2,000Step by Step Solution
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