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Supply costs at Lattea Corporation's chain of gyms are listed below: Management believes that supply cost is a mixed cost that depends on client-visits. Using
Supply costs at Lattea Corporation's chain of gyms are listed below: Management believes that supply cost is a mixed cost that depends on client-visits. Using the high-low method find the variable and fixed components of this cost:
March April May June July August September October November Client-Visits 11,647 11,443 11.975 12,088 11,707 11,193 11.987 11,678 11,826 Supply Cost $28,561 $28,395 $28,819 $28,892 $28,622 $28,221 $28,820 $28,578 $28,703Step by Step Solution
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