Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data.

-Using the high-low method, what is the fixed cost per week at the Gourmet College restaurant?
A) $1,260
B) $3,000
C) $7,785
D) $18,460

Question

Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data.
 
-Using the high-low method, what is the fixed cost per week at the Gourmet College restaurant?
A) $1,260 
B) $3,000 
C) $7,785 
D) $18,460

Quizplus · Accepted Answer

B)
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Gourmet College Has Recently Opened a Restaurant as Part of Its