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Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs...

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Accounting

Chloe’s Cafe bakes croissants that it sells to local restaurantsand grocery stores. The average costs to bake the croissants are$0.30 for 3,100 and $0.25 for 6,200. Required: If the total costfunction for croissants is linear, what will be the average cost tobake 5,400? (Do not round intermediate calculations. Round yourfinal answer to 4 decimal places.)

Average Cost =

Answer & Explanation Solved by verified expert
4.5 Ratings (583 Votes)
Working Total cost for 3100 units 3100 x 030 930 Total cost for 6200 units 6200 x 025 1550 Using High Low Method to classify Variable    See Answer
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