The total monthly operating costs of Chili To Go are: $8,000+ $0.30X where X = servings...
The total monthly operating costs of Chili To Go are:
$8,000+ $0.30X
where
X = servings of chili
(a) Determine the average cost per serving at each of the following monthly volumes: 100; 1,000; 5,000; and 10,000.
Round answers to one decimal place
| Volume | Average Unit Cost |
| 100 | ???? |
| 1000 | ???? |
| 5000 | ???? |
| 10000 | ???? |
(b) Determine the monthly volume at which the average cost per serving is $0.70.
The volume of chili servings= ????
Homework Answers
Answer (a)
| Volume | 100 | 1000 | 5000 | 10000 |
| Fixed cost | 8000 | 8000 | 8000 | 8000 |
| Variable cost | 30 | 300 | 1500 | 3000 |
| Total Cost | 8030 | 8300 | 9500 | 11000 |
| Average Cost | $80 | $8 | $2 | $1 |
Answer b :
$0.7 = $8000+($0.3*X)
X
$0.7X = $8000+$0.3X
X = 20000
Add Answer to:
The total monthly operating costs of Chili To Go are:
$8,000+ $0.30X
where
X = servings...
Computing Average Unit Costs The total monthly operating costs of Chili To Go are: $12,000+ $0.30X...
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mple, the total cost The intercept of the able cost per unit, V. where the TR and TC ple). The Adventures sells 100 trips ll the graph). The slope of TR is the price per un Desert Adventures). The total cost (TC) line shows the total cost for each volume. For example, the to for a volume of 100 trips is $254,400 (= 1100 x $1,200] + $134,400). The intero total cost line is the fixed cost for the period,...
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X is under product, variable, fixed, and mixed costs. It is
Selling with S or Administrative with A.
Each pizza sells for $10.
Determine: The contribution margin per pizza; The breakeven
sales level (in number of pizzas; The sales level (in number of
pizzas) that will generate a profit of $9,000 for next
November.
Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,897 44,564 30,549 2,586 March 3,000 34,536 April 3,492 May...
Using the information given below, provide the answers of the following question. High Point: Activity 8,000 customers Total (Mixed) Costs: $65,000 Low Point: Activity 6,000 customers Total (Mixed) Costs: $56,000 QDetermine Fixed Cost amount when 10,000 customers are served. (Do not put "$" or "" in your answer. If you answer is $1,000.00; then, just put 1000) Using the information given below, provide the answers of the following question High Point: Activity 8,000 customers Total (Mixed) Costs: $65,000 Low Point:...
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