Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants

Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served

Using the high- low method , the fixed cost for a month are?

MONTH NUMBER OF ICE CREAM CONES TOTAL OPERATING COST
APRIL 800 950
MAY 825 975
JUNE 1125 1000
JULY 2000 1250
AUGUST 1500 1875
SEPTEMBER 900 1500

Please explain you answer!

A) 2,200

B)750

C) 300

Please explain you answer!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago