Refer to Cliffs Fresh Stacks Pancake Restaurant in E3 57B Data in E3 57B Cliffs Fresh Stacks Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to Confederation To plan for the future, Cliff needs to figure out his cost behaviour patterns He has the following information about his operating costs and the number of pancakes served Requirements 1 Use the high low method to determine Cliffs operating cost equation 2 Use your answer from Requirement 1 to predict total monthly operating costs if Cliff serves 4,500 pancakes a month 3 Can you predict total monthly operating costs if Cliff serves 15,000 pancakes a month Explain Month July August Number of Pancakes 3,900 4,200 Total Operating Costs $2,340 $2,530

Question: Refer to Cliffs Fresh Stacks Pancake Restaurant in E3-57B. Data in E3-57B. Cliffs Fresh Stacks Pancake Restaurant features sourdough pancakes made from a strain of

Refer to Cliff’s Fresh Stacks Pancake Restaurant in E3-57B.

Data in E3-57B.

Cliff’s Fresh Stacks Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to Confederation. To plan for the future, Cliff needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served:

Month July August Number of Pancakes 3,900 4,200 Total Operating Costs $2,340

$2,530

Requirements

1. Use the high-low method to determine Cliff’s operating cost equation.

2. Use your answer from Requirement 1 to predict total monthly operating costs if Cliff serves 4,500 pancakes a month.

3. Can you predict total monthly operating costs if Cliff serves 15,000 pancakes a month? Explain.

Month July August Number of Pancakes 3,900 4,200 Total Operating Costs $2,340 $2,530

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