Question - Capital Grill has budgeted the following costs for a month in which 2,500 Colby Steak dinners will be produced and sold: Materials, $5,580; hourly labor, $5,400; rent, $1,300; depreciation, $500; and other fixed costs, $1,000. Each Colby Steak dinner sells for $22.00 each.
What is the budgeted total variable cost?
A) $13,780
B) $2,800
C) $10,980
D) $11,480