Question: Exercise 2 - 5 1 ( Static ) Cost Behavior and Forecasting ( LO 2 - 5 ) Trumball Catering served 4 , 0 0
Exercise Static Cost Behavior and Forecasting LO
Trumball Catering served meals last month. Trumball recorded the following costs with those meals:
Variable costs:
Ingredients used $
Direct labor
Indirect materials and supplies
Utilities
Truck fuel and other variable costs
Fixed costs:
Managers' salaries $
Rent
Depreciation on trucks and equipment straightline, time basis
Miscellaneous fixed costs
Required:
Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if meals are served next quarter.
Note: Round "Unit costs" answer to decimal places.
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