Question: ( b ) Use the high - low method to develop a schedule identifying the amount of each cost that is fixed per month or

(b) Use the high-low method to develop a schedule identifying the amount of each cost that is fixed per month or variable per unit. Total the amounts under each category to develop an equation for total monthly costs.
Round variable cost answers to two decimal places.
Fixed Costs Variable Costs
Cost of food sold Answer 9
0
Answer 10
2
X
Wages and fringe benefits Answer 11
0
Answer 12
0
X
Fees paid delivery help Answer 13
0
Answer 14
0.24
X
Rent on building Answer 15
Answer 16
0
X
Depreciation on equipment Answer 17
0
Answer 18
0
X
Utilities Answer 19
0
Answer 20
0
X
Supplies (soap, floor wax, etc.) Answer 21
0
Answer 22
0
X
Administrative costs Answer 23
0
Answer 24
0
X
Total costs equation Answer 25
0
Answer 26
0
X
(c) Predict total costs for a monthly sales volume of 9,100 units.
$Answer 27
0

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