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12 YER Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits Supply Cost
12
YER Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits Supply Cost 11,650 $ 28,502 11,446 $ 28, 377 11,978 $ 28,702 12,300 $ 28,898 11,710 $ 28,538 11,196 $ 28, 225 11,990 $ 28,709 11,681 $ 28,520 11,829 $ 28,611 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to (Round your intermediate calculations to 2 decimal places.) Step by Step Solution
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