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 o tonning 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 $1,742 February 1,900 $2,130 March 3,200 $2,730 April 2,500 $2,500 May 1,500 $1,700 June 2,400 $2,295 July 2,130 $2,300 August 2,900 52,640 Required: 1. Which month represents the high point? The low point High point March Inw.in January Previous Next Check My Work 5 ore Check My Work uses remaining 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. 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 oppointment Fixed cost per month 3. Using the variable rate and fixed cost, what is the cost formula for tanning services? 4. Calculate the total predicted cost of tanning services for September for 2,400 appointments using the formula found in Requirements. Or that total cost, how much is the total nixed cost for September? How much is the total predicted variable cost for September? If required, round the final answers to the nearest dollar Total predicted cost for September Total fixed cost for September 4. Calculate the total predicted cost of tanning services for September for 2,400 appointments using the formuin found in Requirement 3. or that total cost, how much is the total fixed cost for September? How much is the total predicted variable cost for September? Ir required, round the final answers to the nearest dollar Total predicted cost for September Total fixed cost for September Total predicted variable cost for September 5. Which of the following statements is correct when Tulsa uses the righ-low method to estimate the costs