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  3. pb.9 this problem is in the textbook. consider the

PB.9 This problem is in the textbook. Consider the following sales and wage cost information...

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Accounting

PB.9 This problem is in the textbook. Consider the following sales and wage cost information for a restaurant. identify the high and low months

Revenue Wages High or Low?
January 11,200 5,300
February 13,000 6,100
March 14,900 6,200
April 19,100 7,000
May 22,000 9,000
June 24,200 9,600
July 26,300 9,700
August 27,400 10,100
September 23,500 8,300
October 20,100 7,600
November 18,200 8,000
December 16,000 7,100
Total $235,900 $94,000

Conduct a High-Low analysis of the data to determine Variable Cost % and Fixed Costs in the High and Low months

Revenue Wages
Maximum
Minimum
Difference or
Variable Cost Percentage
Maximum Labor Cost
Variable Cost for High Data
Fixed Cost
Minimum Labor Cost
Variable Cost for Low Data

Fixed Cost

Finally, using the calculated Variable Cost %, give the breakdown of Total Annual Wages into Fixed and Variable components

Percentage Total Dollars
Total Annual Wages
Variable Cost
Total Fixed Costs

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