M5-2 (Static) Identifying Cost Behavior [LO 5-1) Shannon's Kettle Corn is a small refreshment stand...
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M5-2 (Static) Identifying Cost Behavior [LO 5-1) Shannon's Kettle Corn is a small refreshment stand located near a football stadium. Its fixed expenses total $400 per week and the variable cost per bag of popcorn is $0.50. Complete the table on the following page for the various activity levels for one week. (Round your cost per unit values to 2 decimal places.) 500 1,000 1,500 Number of Bags of Popcorn Total fixed cost Fixed cost per bag of popcorn Total variable cost Variable cost per bag of popcorn Total cost Total cost per bag of popcorn
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