Homework Answers
Requirement 1
Variable cost = high cost - low cost / high pancakes - low pancakes
= 2,560 - 2,270 / 3,900 - 3,200
= 290 / 700
= 0.41 per pancake
Fixed cost = 2,390 - (3,900 × 0.41)
= 2,390 - 1,599
= 791
Cost equation
Y = 0.41X + 791
Requirement 2
X = 4,000 , Y = ?
Y = 0.41X + 791
Y = 0.41 (4,000) + 791
Y = 1,640 + 791
Y = 2,431
Requirement 3
X = 11,000 , Y = ?
Y = 0.41X + 791
Y = 0.41 (11,000) + 791
Y = 4,510 + 791
Y = 5,301
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