Exercise 1-4 (Algo) Fixed and Variable Cost Behovior [LO1-4] Espresso Express operates a number of...
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Exercise 1-4 (Algo) Fixed and Variable Cost Behovior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,400 and the variable cost per cup of coffee served is $0.72 Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of colfee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Complete this question by entering your answers in the tabs below. Fil in the following table with your estimates of the company s total cost and average cost per cup of coffee at the indicated levelto of activity. Note: Round thin "Avarage cost per cup of coffee served" to 3 dedmal places. Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of $1,400 and the variable cost per cup of coffee served is $0.72. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the ind of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of cof a week increases


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