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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:
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 | Number of Appointments | Total Cost | |
January | 225 | 5,350 | |
February | 350 | 5,800 | |
March | 275 | 5,450 | |
April | 200 | 5,750 | |
May | 400 | 6,500 | |
June | 300 | 5,950 | |
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.)
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