Solved: Account Analysis Methodenry Davis runs the She Get Homework Help With Chea Study Chep.com Solved: Account Analysis Methodenny Davis Calculator Account Analysis Method Penny Davis runs the Shear Beauty Salon near a college campus. Several months ago, Penny used some unused space at the back of the salon and bought two tanning beds. She hired a receptionist and kept the salon open for extended hours each week so that tanning clients would be able to use the benefits of their tanning packages. After three months, Penny wanted additional Information on the costs of the tanning area. She accumulated the following data on four account Supplies and Number Equipment Tanning of Maintenance Depreciation Minutes Wages Electricity Visits January $1,801 $1,461 $132 $350 4,122 426 February 1,692 1,875 132 441 3,930 378 March 4,137 132 717 6,89 579 Penny decided that wages and equipment depreciation were fixed. She thought supplies and maintenance would vary with the number of tanning visits and that electricity would vary with the number of tanning minutes. 1.854 Required: 1. Calculate the average account balance for each account. Calculate the average monthly amount for each of the two drivers. (Round all answers to the nearest dollar or the nearest whole unit.) Use your rounded answers in all subsequent computations. Average Account Balance Wages Supplies & Maintenance Equipment Depreciation Previous Next All work saved Email instructor Subm Test for Grading 16 MacBook Pro 20 DI FO DD FS FY 5 / E R P F G H Solved Account Analysis Method Penny Davis runs the She Get Homework Help With Chege Study Chen.com Solved Account Analysis Methodenry Davis Calculator Average Account balance $ Wages Supplies & Maintenance Equipment Depreciation Electricity Tanning Minutes Number of visits $ 2. Calculate fixed monthly cost and the variable rates for the account averages. Round your answers to the nearest cent and use your rounded answers in all subsequent computations. Variable rate for supplies & maintenance per vist Variable rate for electricity $ per minute Fixed cost per month Express the results in the form of an equation for total cost (Round to the nearest cent.) Cost (vist) [minute) 3. In April, Penny predicts there will be 375 visits for a total of 3,870 minutes. What is the total cost for April? If required, round your answer to the nearest dollar