Question
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: Number of Total Cost Month Appointments January 300 $ 6,150 February 250 5,500 March 325 6,600 April 200 5,500 May 425 6,850 275 6,300 June Required: 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
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