Msshugga
Apr 29, 2010, 08:50 PM
Find the variable cost per snow cone using the high low method: refer to following table.
Month # of cones Total operating cost
Jan. 7,200 $4,700
Feb. 7,800 $4,800
Mar. 6,400 $4,600
April 6,600 $4,500
May 7,700 $5,100
June 7,250 $5,000
I came up with 0.143 and wanted to compare my answer with someone else's since this is my first time trying this.
Month # of cones Total operating cost
Jan. 7,200 $4,700
Feb. 7,800 $4,800
Mar. 6,400 $4,600
April 6,600 $4,500
May 7,700 $5,100
June 7,250 $5,000
I came up with 0.143 and wanted to compare my answer with someone else's since this is my first time trying this.