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The cafeteria at X Company has the following cost and activity information for the first five months of 2019: Month Cost Meals January $29,041 7,600
The cafeteria at X Company has the following cost and activity information for the first five months of 2019:
Month | Cost | Meals |
January | $29,041 | 7,600 |
February | 29,745 | 7,784 |
March | 30,905 | 8,088 |
April | 32,791 | 9,100 |
May | 31,545 | 8,255 |
Using the high-low method with this data, estimate the total cafeteria cost in December, when 9,700 meals are expected to be served [round variable costs per unit to two decimal places].
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