Jones lce Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the...

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Jones lce Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served. Month Number of ice cream cones Total operating costs $950 April May June 750 825 $975 1,125 $1,000 $1,250 July August September 2.400 1,500 900 $1,175 $1,500 The variable cost per ice cream cone using the high - low method is O A. S0.52 B. $0.18 OC. $1.27 O D. $5.50 Jones lce Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served. Month Number of ice cream cones Total operating costs $950 April May June 750 825 $975 1,125 $1,000 $1,250 July August September 2.400 1,500 900 $1,175 $1,500 The variable cost per ice cream cone using the high - low method is O A. S0.52 B. $0.18 OC. $1.27 O D. $5.50

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Under highlow point method Variable ... View the full answer