The cafeteria at x company has incurred the following costs, Ask an Expert

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The cafeteria at X Company has incurred the following costs and number of meals served from January through June:

Month	Cost	Meals
January	$28,200	7,700
February	33,300	9,500
March	38,700	10,800
April	47,900	10,000
May	38,000	10,200
June	36,500	8,500

X Company estimates that 9,900 meals will be served in July. Using the high-low method to determine the monthly cost function, what are estimated total costs for July (round variable costs per unit to three decimal places and your final answer to the nearest dollar)?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966008

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