Business and finance help needed: How much are estimated monthly variable costs using the high-low method?
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:
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; ; ; ; ; ; ; ; January ; ; ;February ; ; ;March ; ; April ; ; May ; ; ;June ; ; ;July
Number of rooms cleaned ; ; ; ; ; ; ; 250 ; ; ; ; ; 160 ; ; ; ; ; ; 200 ; ; ; 150 ; ; ; ; ; ; ; ;300 ; ; ; ; ; ; ; ;170 ; ; ; ;260
Cleaning cost ; ; ; ; ; ; ; ; ; ; ; ; ; ; $6,450 ; ; ; ; $4,060 ; ; ;$5,100 ; ;$4,100 ; ; 6,880 ; ; $4,200 ; ;$6,530
How much are estimated monthly variable costs using the high-low method?
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