In: Accounting
The cafeteria at X Company has the following cost and activity
information for the first five months of 2019:
Month | Cost | Meals |
January | $29,199 | 7,500 |
February | 31,939 | 8,204 |
March | 30,969 | 7,955 |
April | 33,449 | 9,200 |
May | 31,159 | 8,003 |
Using the high-low method with this data, estimate the total
cafeteria cost in December, when 11,000 meals are expected to be
served [round variable costs per unit to two decimal places].