You have the following information from the records of a restaurant: Sales Revenue Wage Costs Januar
You have the following information from the records of a restaurant:
Sales Revenue
Wage Costs
January
$11,100
$5,500
February
13,100
5,900
March
14,900
6,100
April
19,100
7,100
May
22,000
9,000
June
24,200
9,600
July
26,300
9,700
August
27,000
9,900
September
23,900
8,500
October
20,100
7,600
November
18,200
8,000
December
16,000
7,100
Use the high–low method to calculate total fixed cost and total variable cost for the year.
