Store Revenues Costs 101 $4,100 $4,214 102 2227 2894 103 5,738 5,181 104 3982 3998 105 2,914
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Question:
Store Revenues Costs
101 $4,100 $4,214
102 2227 2894
103 5,738 5,181
104 3982 3998
105 2,914 3,676
106 4,023 3,319
107 6,894 5,029
108 1,779 2,374
109 5,416 4,688
110 3,228 2,959
111 3,886 4,179
112 4,690 3,200
113 3,552 2,556
114 4,817 4,655
115 2,124 2,986
a.Use the high-low method to estimate the fixed and variable portions of store costs based on revenues.
b.Managers estimate that one of the proposed stores will have revenues of $2.5 million. What are the estimated monthly overhead costs, assuming no inflation?
c.Managers are also considering a "mega-store" with revenues of $10 million. What are the estimated monthly overhead costs, assuming no inflation?
Expert Answer:
a To use the highlow method to estimate the fixed and variable portions of store costs based on reve... View the full answer
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