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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 o the year: Month
Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half o the year: Month January February March April May June Number of Appointments 300 250 325 200 425 275 Total Cost $ 6,150 5,500 6,600 5,500 6,850 6,300 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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