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 11,659 11,455 11,987

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 11,659 11,455 11,987 13,200 11,719 11, 205 11,999 11,690 11,838 Supply Cost $ 28,392 $ 28,323 $ 28,504 $ 28,916 $ 28,412 $ 28, 238 $ 28,508 $ 28,403 $ 28,453 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 $203 per client-visit; $28,413 per month $.92 per client-visit: $17,370 per month o $0.38 per client-visit: $23,923 per month $0.34 per client-visit; $24,428 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

Research Methods For Accounting And Finance Global Management Series

Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson

1st Edition

1910158895, 978-1910158890

More Books

Students also viewed these Accounting questions