Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Sherri's Tan-O-Rama is a local tanning salon. The following Information reflects its number of appointments and total costs for the first half of the year.

image text in transcribed

Sherri's Tan-O-Rama is a local tanning salon. The following Information reflects its number of appointments and total costs for the first half of the year. Month January February March April May June Number of Appointments 380 375 450 250 325 275 Total Cost $6,05 7.ee 6,480 5,600 5,888 5,350 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment (Round your "Variable Cost per Unit" answer to 2 decimal places and "Fixed Cost" answer to the nearest dollar amount.) Answer is complete but not entirely correct. Variable Cost per Unit Fixed Cost $ 19,000.00 $ 4,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Futures and Options Markets

Authors: John C. Hull

8th edition

978-0132993340

Students also viewed these Accounting questions

Question

What is probable cause?

Answered: 1 week ago