Sam's Chop has budgeted the following costs for a month in which 1,500 steak dinners will be produced and sold: Material...
Sam's Chop has budgeted the following costs for a month in which 1,500 steak dinners will be produced and sold: Materials, $3,750; labor (variable);, $3,000; rent(fixed), $2,400; straight-line depreciation, $600; and other costs that don't change when the number of dinner sold changes, $1,800. Sam sells the steak dinners for $10.00 each. What is the budgeted total variable cost?
a. $3,750
b. $6,750
c. $9,150
D. $11,550
Homework Answers
Answer) $6750
Explanations:
Total Variable cost = Materials + labor
= 3750 + 3000 = 6750
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