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( b ) Use the high - low method to develop a schedule identifying the amount of each cost that is fixed per month or
b Use the highlow method to develop a schedule identifying the amount of each cost that is fixed per month or variable per unit. Total the amounts under each category to develop an equation for total monthly costs.
Round variable cost answers to two decimal places.
Fixed Costs Variable Costs
Cost of food sold Answer
Answer
X
Wages and fringe benefits Answer
Answer
X
Fees paid delivery help Answer
Answer
X
Rent on building Answer
Answer
X
Depreciation on equipment Answer
Answer
X
Utilities Answer
Answer
X
Supplies soap floor wax, etc. Answer
Answer
X
Administrative costs Answer
Answer
X
Total costs equation Answer
Answer
X
c Predict total costs for a monthly sales volume of units.
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