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need requirements 1,2,3 please. Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush.

need requirements 1,2,3 please. image text in transcribed
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Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Ethan needs to figure out his cost behaviour pattoms. He has the following Information about his operating costs and the number of pancakes served: (Click the icon to view the data.) Requirements 1. Use the high-low method to determine Ethan's operating cost equation 2. Use your answer from Requirement 1 to predict total monthly operating costs if Ethan serves 4,300 pancakes in 1 month 3. Can you predict total monthly operating costs if Ethan serves 18,000 pancakes a month? Explain Requirement 1. Use the high low method to determine Ethan's operating cost equation Let's begin by determining the formula that is used to calculate the variable cost (slope). - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component - Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation (Round the variable cost to the nearest cent.) y = $ *+$. Requirement 2. Use your answer from Requirement 1 to predict total monthly operating costs if Ethan serves 4,300 pancakes in 1 month. The total monthly operating costs if Ethan serves 4,300 pancakes is $ Requirement 3. Can you predict total monthly operating costs if Ethan serves 18,000 pancakes a month? Explain. The cost equation 6 Data Table Month Number of Pancakes 3,600 July .............. A 3,900 A August September... October... November.. Total Operating Costs 2,340 2,390 2,320 2,270 2,560 2,530 3,200 3,300 3,850 3,620 Aa A A December A Print Print Done Done

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