Question
Rooters Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past
Rooters Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:
|
| January | February | March | April | May | June | July |
| Number of rooms cleaned | 250 | 160 | 200 | 150 | 300 | 170 | 260 |
| Cleaning cost | $6,450 | $4,060 | $5,100 | $4,100 | $6,760 | $4,200 | $6,530 |
How much are estimated monthly variable costs using the high-low method?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
