Question 3:

Yarlan Gravity Grips produces spike sets for track shoes. CEO Brittany Yarlan has gathered the following information about the companys sales volume and marketing cost for the past six months. (25 Points)

	Sales Volume	Total Marketing Costs
January	550,700	$82,770
February	390,500	74,525
March	561,000	83,050
April	543,000	82,330
May	546,600	82,480
June	553,900	82,960

Required:

a. Using the high-low method, compute the variable marketing cost per spike set.

b. Compute the total fixed marketing cost.