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A company has collected the following information regarding costs at various levels of monthly activity: January February March # of Customers 500 800 1,000 Wages

A company has collected the following information regarding costs at various levels of monthly activity:

January February March

# of Customers 500 800 1,000

Wages $2,250 $3,600 $4,500

Utilities $250 $280 $325

Rent $1,100 $1,100 $1,100

Required: Compute the fixedand/orvariable elements of each cost. Show your answers in a table with the following format:

Fixed Cost Per Month Variable Cost Per Customer

Wages ? ?

Utilities ? ?

Rent ? ?

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