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Compute the variable cost per meal served

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Reference no: EM132825129

Question - The cafeteria department at State University has experienced the following costs and number of meals served from January through September of 20x7: Month Cafeteria Costs Meals Served; January $31,800 8,800; February 34,400 9,000; March 36,900 9,800; April 38,300 10,200; May 38,600 10,500; June 34,700 9,200; July 36,300 9,700; August 43,000 12,000; September 41,200 11,500. Using the high-low method of cost estimation, compute the variable cost per meal served?

Reference no: EM132825129

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