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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