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Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half of the year:
Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half of the year: Month Number of Appointments. January 500 February 300 March 275 475 200 250 April May June Total Cost. $ 6,800 5,000 5,450 6,050 5,600 5,000 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. Note: Round your "Variable cost per unit" answer to 2 decimal places and "Fixed cost" answer to the nearest dollar amount. Variable Cost per Unit Fixed Cost $ $ 3.75 5,000
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