Question
Stark Food Processing prepares ready-to-eat meals. At Stark, the cost of prepared meals has a fixed component and a variable component related to the number
Stark Food Processing prepares ready-to-eat meals. At Stark, 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 | 529 | $2,204 |
July | 791 | $3,218 |
August | 235 | $1,066 |
September | 379 | $1,624 |
October | 408 | $1,736 |
November | 385 | $1,647 |
December | 1,060 | $4,259 |
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 623 meals are prepared? Variable Cost per Unit: $Answer Fixed Cost: $Answer Total Cost Incurred: $Answer
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