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Use the same graph for exercises 3-26, 3-27, and 3-28 l0l manufacturing icvanit cost lej (i.e., otal both fixed and variable)? Use the following information
Use the same graph for exercises 3-26, 3-27, and 3-28
l0l manufacturing icvanit cost lej (i.e., otal both fixed and variable)? Use the following information for Brief Exercises 3-26 through 3-29 Speedy Pete's is a small start-up company that delivers high-end coffee drinks to large metropolitan office buildings via a cutting-edge motorized coffee cart to compete wit other premium coffee shops. Data for the past 8 months were collected as tollows: Month May une Ll Delivery Cost Number of Deliveries Ll September October November December $63,450 67,120 66,990 68,020 73,400 72,850 75,450 73,300 1,800 2,010 2,175 2,200 2,550 2,630 2,800 2,725 Brief Exercise 3-26 Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Exa Refer to the information for Speedy Pete's above. Speedy Pete's controller wants to calculate the fixed and variable costs associated with its cutting-edge delivery service. Required: Using the high-low method, calculate the fixed cost of delive delivery, and construct the cost formula for total delivery cost Brief Exercise 3-27 Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer to the information for Speedy Pete's above. Assume that this information was used to construct the following formula for monthly delivery cost. ries, calculate the variable rate per Total Delivery Cost $41,850 + ($12.00 x Number of Deliveries) Continued)
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