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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.

ROLCAM
Apr 30, 2010, 02:40 AM
I would like you to show us how you got .143
Please state clearly your assumptions.
I have checked you out and I finished with .142
I have made a few averageing assumptions.
I honestly believe that our answers are both correct.

morgaine300
May 2, 2010, 06:44 PM
There aren't any rounding assumptions. The numbers used for the calculations are whole numbers. And the final answer rounds to .143 if you're doing 3 decimal places.