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Thanks Discuss about the high-low management accounting concept thoroughly. Alpha Romeo fraternity has an annual alumni golf outing. A local caterer provides lunch and a

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Discuss about the high-low management accounting concept thoroughly. Alpha Romeo fraternity has an annual alumni golf outing. A local caterer provides lunch and a tent. The fratemity pays a flat fee for the tent and an additional amount for each fraternity brother served. However, in the past the brothers have never been able to determine how much the caterer is going to charge. In an effort to determine how much the caterer will charge this year, the brothers have tracked the cost and attendarce clata over the past four years: Instructions a) Use the high-low method to calculate the food cost per person. b) Please comment on the effectiveness of the high-low method in

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