Gourmet College Has Recently Opened a Restaurant as Part of Its

question 98

Multiple Choice

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 variable cost per customer at the Gourmet College restaurant?

• A) $18.75
• B) $18.50
• C) $20.08
• D) $7.45

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