You have the following information from the records of a restaurant Use the highlow method to calculate total fixed cost and total variable cost for the year Sales Revenue Wage Costs January February $11,100 $5,500 13,100 5,900 March 14,900 6,100 April 19,100 7,100 May 22,000 9,000 June 24,200 9,60...

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You have the following information from the records of a restaurant: Use the highlow method to calculate

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Use the high–low method to calculate total fixed cost and total variable cost for the year.

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 01:11 AM

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You have the following information from the records of a restaurant: Use the highlow method to calculate

Question:

Sales Revenue Wage Costs January February $11,100 $5,500 13,100 5,900 March 14,900 6,100 April 19,100 7,100 May 22,000 9,000 June 24,200 9,600 July 26,300 9,700 August 27,000 9,900 September 23,900 8,500 October 20,100 7,600 November 18,200 8,000 December 16,000 7,100

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Hospitality Management Accounting

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