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