he owner of the Kosher Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served. Meals Utilities served Cost January 3,600 P1,560 February 2,000 P1,060 March 2,900 P1,350 April 3,500 P1,500 May 3,900 P1,580 June 2,100 P1,250 July 1,900 P1,100 August 1,000 P 850 September 1,250 P 990 October 1,400 P 880 November 2,600 P1,180 Compute the expected utilities cost if 5,200 meals are served, using: The High-Low Method Analysis
The owner of the Kosher Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served.
Meals Utilities
served Cost
January 3,600 P1,560
February 2,000 P1,060
March 2,900 P1,350
April 3,500 P1,500
May 3,900 P1,580
June 2,100 P1,250
July 1,900 P1,100
August 1,000 P 850
September 1,250 P 990
October 1,400 P 880
November 2,600 P1,180
Compute the expected utilities cost if 5,200 meals are served, using:
The High-Low Method Analysis
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