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 11,657 11,453 11,985 13,000

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 11,657 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

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

Computer Accounting With Peachtree Complete 2011

Authors: Carol Yacht, Peachtree Software

15th Edition

007811098X, 978-0078110986

More Books

Students also viewed these Accounting questions

Question

What is the discovery process?

Answered: 1 week ago

Question

Timeline for final evaluation

Answered: 1 week ago

Question

How will it be used?

Answered: 1 week ago