Solution-Use the high-low method to calculate total fixed

Use the high-low method to calculate total fixed cost and

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Reference no: EM13972052

You have the following information from the records of a restaurant:

	Sales Revenue	Wage Costs
January	11,100	5,500
February	13,100	5,900
March	14,900	6,100
April	19,100	7,100
May	22,000	9,000
June	24,200	9,600
July	26,300	9,700
August	27,000	9,900
September	23,900	8,500
October	20,100	7,600
November	18,200	8,000
December	16,000	7,100

Use the high-low method to calculate total fixed cost and total variable cost for the year.

Reference no: EM13972052

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Use the high-low method to calculate total fixed cost and

Reference no: EM13972052

Reference no: EM13972052

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