Solution-Estimate the fixed utility cost and variable

Estimate the fixed utility cost and variable utility cost

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Reference no: EM132864444

Question - The manager of Midtown Mall believes that the number of visitors each month is the cost driver for total utility cost. Shown below are the number of customers and utility cost for the last 8 months of 2020:

Month	Number of visitors	Utility cost
Jan	10,000	$36,000
Feb	13,000	$40,000
March	14,500	$51,000
April	10,100	$35,000
May	15,000	$53,000
June	14,000	$44,000
July	16,000	$51,000
August	12,000	38,000

Required - Estimate the fixed utility cost and the variable utility cost/visitor using the high-low method.

Reference no: EM132864444

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Estimate the fixed utility cost and variable utility cost

Reference no: EM132864444

Reference no: EM132864444

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