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Author Question: Gourmet College has recently opened a restaurant as part of its hospitality major. The manager ... (Read 473 times)

Cooldude101

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Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data.

WeekNumber of customers per weekWeekly total restaurant costs incurred
11,200$25,200
21,60026,890
31,75028,840
41,63327,150
51,90038,150
61,79029,600


Using the high-low method, what will the total monthly manufacturing costs be if the College's restaurant produces 1,850 units?
◦ $4,525
◦ $2,625
◦ $5,555
◦ $37,225


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Marked as best answer by Cooldude101 on Jan 5, 2020

kardosa007

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Cooldude101

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Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it


Viet Thy

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Reply 3 on: Yesterday
Excellent

 

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