Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sher'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
Sher'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 Hay June Number of Appointments 250 300 See 225 150 125 Total Cost $5,000 6.ee 6,200 5,300 5,450 5,230 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.) Variable cost per unit Found cost $2771 $5.092 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 Hay June Number of Appointments 250 300 500 225 150 175 Total Cost $5,000 6,000 6,280 5,300 5.450 5,230 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.) Variable cost per unit Faed cost $ 2.77 $5.092
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started