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Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from order: for various
Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from order: for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity or sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Month January February Number of Jerseys Operating Cost 220 $ 5,875 215 5,780 March April 245 5,950 555 8,700 May June 700 9,700 615 9,295 July 460 6,220 August 350 6,150 September 320 6,040 October 250 5,960 November 205 200 4,925 4,810 December Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys.
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