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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 costs
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 13,625 16,506 14,899 17,475 Quarterly Staffing Costs $ 406,450 463,100 427,450 466,510 Required: 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 23,350 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 Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. Note: Round "Variable cost" answer to 2 decimal places. Variable cost per visitor Quarterly fixed cost Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical issues ( LO 5.1, 2) Witherell Musum of Technology (WMT) provides the following dota on the costs of maintentince and the number of visitors for the last four quarten Aequired: a. Use the highwow method to estimate the foved cost of quarterly stafing and the stafing cost per vistor: b. The museum expects a record 23,350 visitors next quarter because several new conventons have been scheduled. What would be the estimated staffing costs? Complete this question by entering your answers in the tabs below. Une the high-low method to estimate the fixed cost of quartery stating and the staffing cost per vistor: Nobe: Alound "Variable cost' antwer to 2 decimat plsces. Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical Issues (LO 5-1, 2) Wherel Musum of Technology (WMT) provides the following dath on the costs of maintenance and the number of visitors for the iast: four quarters: Required: a. Use the highilow method to estimate the fixed cost of quarterly statfing and the statling cost per visitor: b. The maseum expects a record 23,350 visitors next quarter because several new conventions have been scheduled. What would be the estimated stafing costs? Complete this question by entering your antwers in the tabs below. The museum espects a record 23,350 vistan next quarter, because several new corventions have been scheduied. What wosld be the estimated starfing costa? Noter thund 'Variable cost' to 2 decimal places
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 13,625 16,506 14,899 17,475 Quarterly Staffing Costs $ 406,450 463,100 427,450 466,510 Required: 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 23,350 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 Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. Note: Round "Variable cost" answer to 2 decimal places. Variable cost per visitor Quarterly fixed cost
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