2. Using the high-low method, compute the variable rate for tanning. Next, compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent and use it in your further calculations. Round the fixed cost per month to the nearest dollar and use it in your further calculations. Variable rate for tanning $ per tanning appointment Fixed cost per month s 3. Using the variable rate and fixed cost, what is the cost formula for tanning services? 4. Calculate the total predicted cost of tanning services for September for 2,600 appointments usmo the formula found in Requirement 3.0 that mtal cost, how much is the total fixed cost for September? How much is the total predicted variable cost for September? If required, round the final answers to the nearest dollar. 5. Calculate the total predicted cost of tanning services for September for 3,820 appointments. If required, round the final answers to the nearest dollar. 5 While the total cost prediction is greater than the prediction from Requiremeat f. Sophis should be conceroed thot the number of tanning appointments of 3,820 in this calculation is than the highest number or tanning oppointments (3,600) contained in the 8 Sophia operates a full service day spa in a small college town. Recently, Sophia rented space next to her spa and opened a spray tanning salon. She anticipated that the costs for the spray tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows: Required: ariable rate for tanning $ per tanning appointment bed cost per months Using the variable rate and fixed cost, what is the cost formula for tanning services? 4. Calculate the total predicted cost of tanning services for September for 2,600 appointments using the formula found in Requirement 3 . Or that total cost, how much is the total fixed cost for September? How much is the total predicted variable cost for september? If required, round the final answers to the nearest dollar. 5. Calculate the total predicted cost of tanning services for September for 3,820 appointments. If required, round the final answers to the nearest dollar. $ While the total cost prediction is greater than the prediction from Recuicoment if, Soptha should be concerned that the number of tanning appointments of 3,820 in this calculation is than the highest nurnber of tarning appointments (3,600) contained in the 8. months of data upon which the high-low method constructed the cost function. 6. Which of the following statements is correct when Sophis uses the high-low method to estimpte the costs