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Author Question: Fast Food College has recently opened a restaurant as part of its hospitality major. The manager ... (Read 358 times)

crazycityslicker

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Fast Food 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
11,500$33,600
21,60035,850
31,75038,455
41,63336,204
51,85040,600
61,79039,468

Using the high-low method estimate the weekly cost function for the restaurant costs.


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Marked as best answer by crazycityslicker on Jan 5, 2020

samiel-sayed

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crazycityslicker

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Reply 2 on: Jan 5, 2020
Excellent


ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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