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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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