Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: JanuaryFebruaryMarchAprilMayJuneJulyNumber of rooms cleaned250160200150270170260Cleaning cost$6,450$4,060$5,100$4,100$6,880$4,200$6,530How much are estimated monthly variable costs using the high-low method?Round to two decimal places.

Formula: Estimated variable costs = Change in costs / change in rooms cleaned Division of change in…

Answered: Rooter's Cleaning Services provided…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:

	January	February	March	April	May	June	July
Number of rooms cleaned	250	160	200	150	270	170	260
Cleaning cost	$6,450	$4,060	$5,100	$4,100	$6,880	$4,200	$6,530

How much are estimated monthly variable costs using the high-low method?

Round to two decimal places.

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