Identifying Cost Behavior
Steve’s Snow Cones is a small refreshment stand located near a football stadium. Its fixed expenses total $300 per week and the variable cost per snow cone is $0.35. Complete the following table for the various levels.
Number of snow cones | 500 | 1,000 | 1,500 |
Total fixed cost |
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Fixed cost per snow cone |
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Total variable cost |
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Variable cost per snow cone |
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Total cost |
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Cost per snow cone |
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