Question: I thought I figured it out, but the system is telling me that my answers are wrong. I have total variable costs at 37,050 total

I thought I figured it out, but the system is telling me that my answers are wrong. I have total variable costs at 37,050 total fixed costs at 58,950 total costs at 96,000 and unit costs at 18.71

I thought I figured it out, but the system is telling me

10 Sophia's Restaurant served 5,700 meals last quarter. Sophia recorded the following costs with those meals. 8.37 points $15, 350 11,900 6,700 3,100 Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities Fixed costs: Managers' salaries Rent Depreciation on equipment (straight-line, time basis) Other fixed costs eBook 25,500 21,500 5,500 Print References 6,450 Required: Unit variable costs and total fixed costs are expected to remain unchanged next quarter. Calculate the unit cost and the total cost if 5,130 meals are served next quarter. (Round "Unit costs" answer to 2 decimal places.) Total variable costs Total fixed costs Total costs Unit costs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!