Question
Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel custome...
Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: July 260 January February March April May June Number of rooms 250 160 200 150 270 1 70 cleaned Cleaning $6,450 $4,060 $5,100 $4,100 $6,880 $4,200 cost How much are estimated monthly variable costs using the high-low method? $6,530 Round to two decimal places. Your Answer: Answer
Answers
Ans : Variable cost = (C2-C1)/(X2-X1)
C2 = Total cost at high activity level = $ 6,880
C1 = Total cost at low activity level = $ 4,100
X2 = High activity level = 270
X1 = Low activity level = 150
Variable cost = $ 6,880 - $ 4100 / (270-150)
= $ 2,780 / 120
= $ 23.17
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