Question: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Speedy Pete's is a small start-up company that delivers high-end coffee

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Speedy Pete's is a small start-up company that delivers high-end coffee drinks to large metropolitan office buildings via a cutting-edge motorized coffee cart to compete with other premium coffee shops. Data for the past 8 months were collected as follows: Assume that this information was used to construct the following formula for monthly delivery cost. Total Delivery Cost =$41,850+($12.00 Number of Deliveries ) Required: Assume that 3,000 deliveries are budgeted for the following month of January. Use the total delivery cost formula for the following calculations: 1. Calculate total variable delivery cost for January. $ 2. Calculate total delivery cost for January

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