Total costs at a restaurant are listed below: Customers Served Total Cost March 11,672 $28,348 April 11,468
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Question:
Total costs at a restaurant are listed below:
Customers Served Total Cost
March 11,672 $28,348
April 11,468 $28,305
May 12,000 $28,417
June 14,500 $28,942
July 11,732 $28,361
August 11,218 $28,253
September 12,012 $28,420
October 11,703 $28,355
November 11,851 $28,386
The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low method to estimate the variable and fixed components of this cost. If the managementbelieves that the restaurant will be able to serve 16,000 customersin December, the restaurant's estimated total cost for December isclosest to:(Round your intermediate calculations to 2 decimal places.)
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