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Osprey Oyster Hut is a restaurant that serves outstanding se…

Posted byAnonymous March 12, 2025March 12, 2025

Questions

Osprey Oyster Hut is а restаurаnt that serves оutstanding seafооd. The following table provides data concerning the company's costs (q refers to the number of meals served): Formula Cost of ingredients $17.50q Wages and salaries $33,000 Utilities $800 + $0.20q Rent $13,000 Miscellaneous $900 + $0.80q Assume that Osprey actually served [meals] meals last month. Also assume that Osprey had planned on serving 2,900 meals last month.  At the end of the month Osprey determined that they had a favorable flexible budget spending variance of $[VAR] for the Cost of Ingredients line item.  How much did Osprey actually spend on ingredients during the month? 

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Tags: Accounting, Basic, qmb,

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