What is the cost behavior pattern assumed for the food

Reference no: EM13136238

A university's meal plan for students provides that 40% of a student's meal fee is made available to the student to purchase food at "cost." At the end of the term, the student receives a refund for any of this amount that has not been spent. The other 60% of the meal fee is retained by the food service operation.

a. What is the cost behavior pattern assumed for the food consumed by the student?

b. What is the cost behavior pattern assumed for the 60% of the meal fee retained by the food service operation?

c. Give an example of three costs that are probably included in the cost behavior classification you identified in part b.

d. Is this meal plan more equitable to students than one in which all of the meal fee is retained by the food service operation, and students can eat as much as they want? Explain your answer.

Reference no: EM13136238

Questions Cloud

How sample have come from normal population : Find the mean, median, mode, sample variance, and range. Do you think that this sample might have come from a normal population? Why or why not?

Short discussion on obamacare : Few pieces of legislation have created as much controversy as the Patient Protection and Affordable Care Act, popularly known as Obamacare.

Calculate the molar concentration of cl- : A 325-mL sample of solution contains 25.3 g of CaCl2, which is fully dissolved. Calculate the molar concentration of Cl- in this solution.

State and federal constitutions : What common elements separate state and federal constitutions, and why would certain elements seemingly be more effective on a local level?

What is the cost behavior pattern assumed for the food : A university's meal plan for students provides that 40% of a student's meal fee is made available to the student to purchase food at "cost." At the end of the term, the student receives a refund for any of this amount that has not been spent. The ..

Patient protection and affordable care act : Discuss the nature of the interaction between the House and Senate during the development and passage of the Affordable Care Act. What are the calculations that each chamber's leaders made?

What mass of (nh4)2so4 must be dissolved : what mass of (NH4)2SO4 must be dissolved in 0.100L of 0.350M NH3 to produce a buffer solution with pH 10.05?

Statements concerning capital structure weights : Which one of the following statements is correct concerning capital structure weights?

Contributions of tyack and cuban and dewey : What are the similarities, differences, and unique contributions of Tyack and Cuban and Dewey?

User Account

All Pages