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 Total Cost Appointments January 1,600 $1,754 February 2,000 2,140 March 3,500 2,790 April 2,500 2,400 May 1,500 1,790 June 2,300 2,275 2,150 2,200 July August 3,000 2,640 Required: 1. Which month represents the high point? The low point? High point Low point January 2. Using the high-1 March compute the variable rate for tanning. Compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent. Variable rate for ta May per tanning appointment Fixed cost per mon June 3. Using the variat August fixed cost, what is the cost formula for tanning services? Total tanning service cost = $2,420 + ($0.37 x Number of appointments) for 2,500 appointments using the formula found in Requirement 3. Of that total cost, how much is the total fixed cost for September? How much is Total tanning service cost = $2,420 - ($0.37 x Number of appointments) ind variable cost per unit to the nearest cent. If required, round the final answers to the nearest dollar. Total tanning service cost = $1,040 + ($0.50 x Number of appointments) Total tanning service cost = $1,040 - ($0.50 x Number of appointments) Total predicted vanadie COST TOI september 5. Which of the following statements is correct when luisa uses the high-low method to estimate the costs? 4. Calculate the total predicted cost of tanning services for September for 2,500 appointments using the formula found in Requirement 3. Of that total cost, how much is the total fixed cost for September? How much is the total predicted variable cost for September? In your calculations, round variable cost per unit to the nearest cent. If 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 Jul 5. Which of the following statements is correct when luisa uses the high-low method to estimate the costs