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Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits 11,651 11, 447 11,979
Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits 11,651 11, 447 11,979 12,400 11,711 11,197 11,991 11,682 11,830 Supply Cost $ 28, 481 $ 28,366 $ 28,664 $ 28,900 $ 28,514 $ 28, 226 $ 28, 671 $ 28, 498 $ 28,581 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $2.25 per client-visit; $28.515 per month $1.14 per client-visit: $14,898 per month o $0.60 per client-visit: $21.451 per month o o 0 $0.56 per client-visit: $21.956 per month
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