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Use the following data for a high-low analysis of the fixed and variable costs: Month Meals Served Total Costs July 18.000 $36,000 August 32,000 $48,000
Use the following data for a high-low analysis of the fixed and variable costs: Month Meals Served Total Costs July 18.000 $36,000 August 32,000 $48,000 September $55,000 36,000 22,000 October $38,000 November 40,000 $74,500 December 38,000 $62,000 What month is used as the high volume month? December If December costs happened to be higher than November costs, would your answer to the above change? yes or no? What month is used as the low volume month? Using the Rise/Run formula, compute the variable costs per unit. Enter without the $ sign and with two decimals. Using the cost formula and the above VC per unit, compute the total fixed costs. Enter without the $ sign and with no decimals. Hint: remember to use the high volume month
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