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Groce Catering Uses Activity-Based Costing for Its Overhead Costs \quad

question 35

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Groce Catering uses activity-based costing for its overhead costs. The company has provided the following data concerning the activity rates in its activity-based costing system:
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  Activity Cost Pools \text { Activity Cost Pools }
 Preparing Meals  Arranging Functions  Wages $0.70$145.00 Supplies $0.45$230.00 Other expenses $0.40$100.00\begin{array} { | l | r | r | } \hline & \text { Preparing Meals } & \text { Arranging Functions } \\\hline \text { Wages } & \$ 0.70 & \$ 145.00 \\\hline \text { Supplies } & \$ 0.45 & \$ 230.00 \\\hline \text { Other expenses } & \$ 0.40 & \$ 100.00 \\\hline\end{array}
The number of meals served is the measure of activity for the Preparing Meals activity cost pool. The number of functions catered is used as the activity measure for the Arranging Functions activity cost pool.

Management would like to know whether the company made any money on a recent function at which 150 meals were served. The company catered the function for a fixed price of $14.00 per meal. The cost of the raw ingredients for the meals was $8.75 per meal. This cost is in addition to the costs of wages, supplies, and other expenses detailed above.


-According to the activity-based costing system,what was the total cost (including the costs of raw ingredients) of the function mentioned above,rounded to the nearest whole dollar?

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Definitions:

Classical Conditioning

A learning process that involves pairing a previously neutral stimulus with an unconditioned stimulus to elicit a conditioned response.

Hippocampus

A region of the brain that is associated primarily with memory formation.

Basal Ganglia

A group of nuclei in the brain that are crucial for coordinating movement, as well as playing roles in learning, emotion, and reward processing.

Hippocampus

A critical brain structure located in the medial temporal lobe, involved in memory formation and spatial navigation.

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