Refer to the Tan-O-Rama data in M5-7. Using the high-low method, calculate the total fixed cost per

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Refer to the Tan-O-Rama data in M5-7. Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. How does the estimate of fixed cost compare to what you estimated inM5-7?

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 10:00 AM

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Refer to the Tan-O-Rama data in M5-7. Using the high-low method, calculate the total fixed cost per

Question:

Number of Appointments Month Total Cost January February March April May June 250 300 500 225 150 175 $5,000 6,000 6,200 5,300 5,450 5,230

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The highlow method should be based on the following months Variable cost per unit Differen...View the full answer

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