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Total costs at a restaurant are listed below: Total Cost March April May June July August September October November Customers Served 11,652 11,448 11,980 12,500
Total costs at a restaurant are listed below: Total Cost March April May June July August September October November Customers Served 11,652 11,448 11,980 12,500 11,712 11,198 11,992 11,683 11,831 $28,461 $28,355 $28,632 $ 28,902 $28,492 $28, 225 $28,638 $28,477 $28,554 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 management believes that the restaurant will be able to serve 16,000 customers in December, the restaurant's estimated total cost for December is closest to: (Round your intermediate calculations to 2 decimal places.)
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