Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bayshore, Inc., has collected the following cost data for various levels of activity: Month Clients Served Total Cost April 2,450 $ 37,200 May 2,100 $
Bayshore, Inc., has collected the following cost data for various levels of activity:
Month | Clients Served | Total Cost | |
April | 2,450 | $ | 37,200 |
May | 2,100 | $ | 31,900 |
June | 1,450 | $ | 25,500 |
July | 1,850 | $ | 29,200 |
Using the high-low method, determine the variable cost per client served and the total fixed cost. (Round your variable cost to 2 decimal places.)
Variable cost per client?
Fixed cost per month?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started