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    Msshugga's Avatar
    Msshugga Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 29, 2010, 08:50 PM
    managerial accounting help
    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's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    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.
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