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Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical Issues (LO 5-1, 2) Witherell Musum of Technology (WMT) provides the following data on the
Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical Issues (LO 5-1, 2) Witherell Musum of Technology (WMT) provides the following data on the costs of maintenance and the number of visitors for the last four quarters: Number of Visitors per Quarter 13,125 16,006 14,399 16,975 Required: Quarterly Staffing Costs $ 405,450 462,100 426,450 465, 5101 a. Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. b. The museum expects a record 22.850 visitors next quarter because several new conventions have been scheduled. What would be the estimated staffing costs? Complete this question by entering your answers in the tabs below. Required A Required B The museum expects a record 22,850 visitors next quarter, because several new conventions have been scheduled. What would be the estimated staffing costs? Note: Round "Variable cost" to 2 decimal places. A Movi
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