Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November client-Visits 11,649 11,445 11,977 12,200

image text in transcribed
image text in transcribed
Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November client-Visits 11,649 11,445 11,977 12,200 11,709 11,195 11,989 11.680 11,828 Supply Cost $ 26,575 $ 26,438 $ 26,795 $ 26,944 $ 26,615 $ 26,271 $ 26,803 $ 26,596 $ 26,695 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 $2.36 per client visit: $26.696 per month 0 $125 per client Vist: 511712 per month 11.680 October November $ 26,596 $ 26,695 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and forced components of this cost. Compute the variable component first rounding off to the nearest whole cent. Then compute the fred component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice O $2.36 per client visit: $26,616 per month O O $1.25 per cent visit: $11.712 per month O 0 $0.71 per client visit $18.265 per month O 50.67 per client is $18.770 per month O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

The Payroll Audit

Authors: Robert Leach

1st Edition

0955970792, 978-0955970795

More Books

Students also viewed these Accounting questions

Question

Explain the forces that influence how people handle conflict

Answered: 1 week ago