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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 11,657 11,453 11,985 13,000
Supply costs at Coulthard Corporation's chain of gyms are listed below. March April May June July August September October November Client-Visits 11,657 11,453 11,985 13,000 11,717 11, 203 11,997 11,688 11,836 Supply Cost $28,402 $ 28, 324 $28,526 $ 28,912 $28,424 $28, 229 $ 28,531 $ 28,413 $28,470 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 5207 per cent visit $28.425 per month $ 96 per cent visit $16.914 per month
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