accounting assignment 77

Requirements

1. What is the fixed cost per month?

2. What is the variable cost per pancake?

3. If Devon’s Golden Brown Pancake Restaurant serves 3,900 pancakes in a month, what would the company’s total operating costs be?

Question B

Global Music produces student-grade violins for beginning violin students. The company produced 2,600 violins in its first month of operations.

At month-end, 500 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $122.50 each. Total costs from the month are as follows:

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