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help S BOOK Show Me How 10 2 High-Low Method Luisa Crimini has been operating a beauty shop in a college town for the past
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S BOOK Show Me How 10 2 High-Low Method Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the 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: Tanning Month Appointments Total Cost January 600 $1,754 February 2,000 $2,170 March 3,500 $2,740 April 2,600 $2,500 May 1,600 $1,700 June 2,400 $2,265 July 2,170 $2,100 August 3,000 $2,660 Required: 1. Which month represents the high point? The low point? High point March Low point January In your calculations, round per unit costs to the nearest cent 9 Show Me How 010 LOW pont wwwwwww In your calculations, round per unit costs to the nearest cent. 2. Using the high-low method, compute the variable rate for tanning. 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 3. Using the variable rate and fixed cost, what is the cost formula for tanning services? Step by Step Solution
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