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Supply costs at Orange Theory gyms are listed below: January February March April May June July August September Client Visits 11,672 (11,468 12,000 14,500 11,732

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Supply costs at Orange Theory gyms are listed below: January February March April May June July August September Client Visits 11,672 (11,468 12,000 14,500 11,732 11,218 12,012 11,703 (11,851 Supply Cost $28,586 $28.420 $28,844 $28.942 $28,647 $28,246 $28,845 $28,603 $28,728 Management believes that supply cost is a mixed cost that depends on client-visits. Required: 1. Use the high-low method to estimate the variable and fixed components of this cost. 2. Estimate the total cost based on 15,000 client visits. YOU MUST SHOW YOUR WORK TO EARN CREDIT

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