As the new manager of a local fitness club, Just-for-You Gym, you have been studying the club's financal data. You would like to determine how the club's costs behave in order to make accurate predictions for next year. Here is information from the last six months: EEB (Click on the icon to view the information.) Read the requirements Requirement 1. By looking at the Total Operating Costs and the Average Operating Costs per Member, can you tell whether the club's operating costs are variable, fixed, or mixed? Explain your answer. By looking at 'Total Operating Costs," we can see that the club's operating costs are all fixed, otherwise, total costs would By looking at the "Operating Costs per Member," we can see that the operating costs V purely variable; otherwise, the 'per-member" cost would Therefore, the club's operating costs are Requirement 2. Use the high-low method to determine the club's monthly operating cost equation. Data Table First, determine the formula and calculate the variable cost per unit (the slope of the mixed cost line). (Round your answer to Change in total operating costs Cha nge In volumeVariable cost per unit Club Membership (number of members) Total Operating Costs $ 9,200 $ 9,800 $ 10,500 $ 10,600 $11,085 $10,100 Average Operating Costs per Member S 22.44 S 21.78 S 19.81 S 23.04 S 20.53 S 19.80 Next, let's determine the formula and calculate the fixed cost component using the highest volume of activity. (Round your a Month Juhy August 410 450 530 460 540 510 - Total fixed costs Determine the club's monthly operating cost equation. Enterthe variable cost per unit to the nearest cent and the total fixed October Requirement 3. Using your answer from Requirement 2, predict total monthly operating costs if the club has 570 members. Choose from any list or enter any number in the input fields and then continue to the next question. Print Done As the new manager of a local fitness club, Just-for-You Gym, you have been studying the club's financal data. You would like to determine how the club's costs behave in order to make accurate predictions for next year. Here is information from the last six months: EEB (Click on the icon to view the information.) Read the requirements Requirement 1. By looking at the Total Operating Costs and the Average Operating Costs per Member, can you tell whether the club's operating costs are variable, fixed, or mixed? Explain your answer. By looking at 'Total Operating Costs," we can see that the club's operating costs are all fixed, otherwise, total costs would By looking at the "Operating Costs per Member," we can see that the operating costs V purely variable; otherwise, the 'per-member" cost would Therefore, the club's operating costs are Requirement 2. Use the high-low method to determine the club's monthly operating cost equation. Data Table First, determine the formula and calculate the variable cost per unit (the slope of the mixed cost line). (Round your answer to Change in total operating costs Cha nge In volumeVariable cost per unit Club Membership (number of members) Total Operating Costs $ 9,200 $ 9,800 $ 10,500 $ 10,600 $11,085 $10,100 Average Operating Costs per Member S 22.44 S 21.78 S 19.81 S 23.04 S 20.53 S 19.80 Next, let's determine the formula and calculate the fixed cost component using the highest volume of activity. (Round your a Month Juhy August 410 450 530 460 540 510 - Total fixed costs Determine the club's monthly operating cost equation. Enterthe variable cost per unit to the nearest cent and the total fixed October Requirement 3. Using your answer from Requirement 2, predict total monthly operating costs if the club has 570 members. Choose from any list or enter any number in the input fields and then continue to the next question. Print Done