Question: Part III - Problem 2-Cost Behavior - Q2 Note - The background Information is the same for all parts of this question Pelicans Ice is
Part III - Problem 2-Cost Behavior - Q2 Note - The background Information is the same for all parts of this 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 6.200 $5,740 April 6,900 $6,330 May 8,100 $7,320 June 7.250 $6,575 Q2: Assume your answer to Part 1 is $0.75 variable cost per snow cone. Using the high month from the high-low method, determine the fixed cost per month (ie, enter the dollar value for the monthly fixed costs)
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