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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!
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