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What the restaurant estimated total cost for december is

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Reference no: EM132581104

Total costs at a restaurant are listed below:

                Customers Served                Total Cost

March         11,672                             $28,348

April           11,468                             $28,305

May              12,000                         $28,417

June                14,500                       $28,942

July                11,732                       $28,361

August               11,218                      $28,253

September            12,012                    $28,420

October                11,703                   $28,355

November                 11,851               $28,386

Question 1: The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low method to estimate the variable and fixed components of this cost. If the management believes that the restaurant will be able to serve 16,000 customers in December, the restaurant's estimated total cost for December is closest to: (Round your intermediate calculations to 2 decimal places.)

Reference no: EM132581104

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