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Question 1 Not checked Marked out of 3.00 Not flaggedFlag question Question text Take me to the text Banner Food Processing prepares ready-to-eat meals. At
Question 1 Not checked Marked out of 3.00 Not flaggedFlag question Question text Take me to the text
Banner Food Processing prepares ready-to-eat meals. At Banner, the cost of prepared meals has a fixed component and a variable component related to the number of meals prepared. The cost and number of meals prepared at the kitchen for the past seven months are provided below.
Month Number of Prepared Meals Cost of Meals June 785 $2,913 July 621 $2,339 August 210 $900 September 726 $2,706 October 580 $2,195 November 809 $2,997 December 998 $3,656
Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places.
Using the high-low method, What would be the expected cost of meals prepared for a month in which 577 meals are prepared?
Variable Cost per Unit: $Answer
Fixed Cost: $Answer
Total Cost Incurred: $Answer
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