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The cafeteria at X Company served the following numbers of meals and incurred the following costs in each of the last five months Month January
The cafeteria at X Company served the following numbers of meals and incurred the following costs in each of the last five months Month January Februany March April May Meals 6,600 8,800 10,900 10,500 11,000 Cost $28,100 33,700 35,900 42,100 36,600 With this information, the company's accountant used the high-low method to develop a monthly cost function to estimate cafeteria costs in July, when 10,000 meals are expected to be served 6. What is the accountant's estimate of fixed cafeteria costs in July [round variable costs per unit to three decimal places]? Submit Answer Tries 0/3 7. What is the accountant's estimate of total variable cafeteria costs in July [round variable costs per unit to three decimal places]? Submit Answer Tries 0/3
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