Question

5) You started a catering business in 2016 that is doing well. Below are your costs for June, What are your total fixed costs, variable costs and startup costs for the month of June? Costs for June, 2017 Rent $2,400 Power $120 Food Costs (Entree) $1,200 Water Bill $60 Delivery Vans Payment Management Salary Business Insurance Employees (Event Caterers) Food Costs (hors d'oeuvres) Food Costs (beverages) Phone and Internet $600 $3,200 $200 $2000 $300 $240 $90

Answer 1

For the Month-June:
Total Fixed Costs:
Particulars	Amount($)
Rent	2,400
Power	120
Water Bill	60
Management Salary	3,200
Employees (Event Caterers)	2,000
Phone and Internet	90
Total Fixed Costs:	7,870
Total Variable Costs:
Particulars	Amount($)
Food Costs (Entrée)	1,200
Food Costs (hors d'oeuvres)	300
Food Costs (beverages)	240
Total Variable Costs:	1,740
Total Stratup Costs:
Particulars	Amount($)
Delivery Vans Payment	600
Business Insurance	200
Total Stratup Costs:	800