Solution-Determine the total fixed costs for the cafeteria

Determine the total fixed costs for the cafeteria

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Reference no: EM133122504

Question - Foothill Hospital recorded the following costs for the meals served in its cafeteria during the last seven weeks:

Week	Meals served	Cafeteria costs
1	1,500	$4,800
2	1,600	5,080
3	1,800	5,280
4	1,450	4,900
5	1,000	4,000
6	1,650	5,100
7	1,900	5,800

Required - Using the high-low method, determine the total fixed costs for the cafeteria?

a. $1,000.

b. $1,800.

c. $1,400.

d. $2,000.

Reference no: EM133122504

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Determine the total fixed costs for the cafeteria

Reference no: EM133122504

Reference no: EM133122504

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