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Your hotel served 28,000 guests with a $31,000 labor cost (the highest) in June and 20,000 guests with a $24,000 labor cost (the lowest) in
Your hotel served 28,000 guests with a $31,000 labor cost (the highest) in June and 20,000 guests with a $24,000 labor cost (the lowest) in December. Using the High-Low method, calculate the fixed cost (FC) and the total variable cost (VC) in June. FC: $7, 750; VC: $23, 250 FC: $5, 750; VC: $24, 250 FC: $8, 750; VC: $22, 250 FC: $6, 500; VC: $24, 500 FC: $8, 350; VC: $21, 250
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