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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
USING HIGH-LOW TO CALCULATE PREDICTED TOTAL VARIABLE COST AND TOTAL COST FOR A TIME PERIOD THAT DIFFERS FROM THE DATA PERIOD
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Refer to the Pizza Vesuvio company information in Cornerstone Exercise 14-16. Assume that Pizza Vesuvio used this information to construct the following formula for monthly labor cost.
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Exercise 14-16
USING HIGH-LOW TO CALCULATE FIXED COST, CALCULATE THE VARIABLE RATE, AND CONSTRUCT A COST FUNCTION
Pizza Vesuvio makes specialty pizzas. Vesuvio’s controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. Data for the past eight months were collected:

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