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please show work and circle answer Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available
please show work and circle answer
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Rent on building Supplies p floor etc.) sold Rent on building Monthly in units 5.000 8.000 10.000 j E20,ooo Cast of foods frin Fees utilities 51 so 1,150 1 zoo 5,240 1,200 5,300 2,300 1,400 1,200 S20,sso S27,seo 532,200 (a) Identify each cost as being variable, fixed, or mixed. Cut of food fringe benefits Fees F Supplies Adm in istrative costE (b) use the high-low 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. Costs Variable C osts Cast of foad sold benefits Fees pyid deliry Rent on building utilities Supplies costs (c) Predict total costs for a monthly sales volume of 9,400 units. Please answer all parts of the question.
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