PB.9 This problem is in the textbook. Consider the following sales and wage cost information for a restaurant. identify the high and low months

	Revenue	Wages		High or Low?
January	11,200	5,300
February	13,000	6,100
March	14,900	6,200
April	19,100	7,000
May	22,000	9,000
June	24,200	9,600
July	26,300	9,700
August	27,400	10,100
September	23,500	8,300
October	20,100	7,600
November	18,200	8,000
December	16,000	7,100
Total	$235,900	$94,000

Conduct a High-Low analysis of the data to determine Variable Cost % and Fixed Costs in the High and Low months

Revenue

Wages

Maximum

Minimum

Difference or

Variable Cost Percentage

Maximum Labor Cost

Variable Cost for High Data

Fixed Cost

Minimum Labor Cost

Variable Cost for Low Data

Fixed Cost

Finally, using the calculated Variable Cost %, give the breakdown of Total Annual Wages into Fixed and Variable components

	Percentage	Total Dollars
Total Annual Wages
Variable Cost
Total Fixed Costs