Pelicans Ice is a snow cone stand near the local park. To plan for the future, Pelicans
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Question:
Pelicans Ice is a snow cone stand near the local park. To plan for the future, Pelicans Ice wants to determine its cost behavior patterns. It has the following information available about its operating costs and the number of snow cones served.
Month Number of snow cones Total operating costs
January 6,400 $5,980
February 7,000 $6,400
March 5,000 $ 5,000
April 6,900 $6,330
May 9,000 $ 7,000
June 7,250 $6,575
Using the high-low method, the fixed costs for a month are
A. $ 12,000
B. $ 2,500
C. $ 4,500
D. $ 2,000
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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