Budgeted fixed overhead, accounting homework help

Question 17

Gardenia operates a cafeteria for its employees. The number of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below:

Meals served

Cafeteria costs

Week 1


$ 3,250

Week 2


$ 2,700

Week 3


$ 3,400

Week 4


$ 2,900

Week 5


$ 2,500

Week 6


$ 3,700

Week 7


$ 4,100

Assume that the relevant range includes all of the activity levels mentioned in this problem.

Using the high-low method of analysis, the variable cost per meal served in the cafeteria would be estimated to be _______.

You must show all your calculations.

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