Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

May Assume a local Subway reported the following results for April and May. April Sandwiches sold 2,100 2700 COGS $1,575 $2,025 Wages and salaries $1,525

image text in transcribed
May Assume a local Subway reported the following results for April and May. April Sandwiches sold 2,100 2700 COGS $1,575 $2,025 Wages and salaries $1,525 $1,675 Rent $1,500 $1,500 Depreciation $200 $200 Utilities $710 $770 Supplies $225 $255 Miscellaneous $113 $131 Total $5,848 $6,556 Required (show all the calculations) a. Using the high-low method, create a cost equation for each of the following costs in April cost of food, wages and salaries, rent, and total monthly costs b. Predict total costs for monthly volumes of 1,000 and 2,000 sandwiches

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Internal Auditing A Guide For The New Auditor

Authors: David Galloway

3rd Edition

0894136917, 9780894136917

More Books

Students also viewed these Accounting questions

Question

Briefly explain each form of totalitarianism.

Answered: 1 week ago

Question

The Power of Public Speaking Clarifying the

Answered: 1 week ago