Question
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,666 $ 28,349 April 11,462 $ 28,296 May 11,994 $
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,666 $ 28,349 April 11,462 $ 28,296 May 11,994 $ 28,434 June 13,900 $ 28,930 July 11,726 $ 28,365 August 11,212 $ 28,231 September 12,006 $ 28,438 October 11,697 $ 28,357 November 11,845 $ 28,396 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 $1.95 per client-visit; $28,366 per month $.84 per client-visit; $18,258 per month $0.30 per client-visit; $24,811 per month $0.26 per client-visit; $25,316 per month
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