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Find the restaurant estimated total cost for december is

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Reference no: EM132581143

Total costs at a restaurant are listed below:

                                Customers Served                     Total Cost

March                       11,665                               $28,352

April                          11,461                               $28,296

May                             11,993                           $28,440

June                             13,800                           $28,928

July                               11,725                           $28,368

August                             11,211                        $28,229

September                      12,005                            $28,443

October                            11,696                          $28,360

November                       11,844                              $28,400

Question 1: The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low method to estimate the variable and fixed components of this cost. If the management believes that the restaurant will be able to serve 16,000 customers in December, the restaurant's estimated total cost for December is closest to: (Round your intermediate calculations to 2 decimal places.)

Reference no: EM132581143

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