Luisa Crimini has been operating a beauty shop in a college town for the past 10...

 

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Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows: Month Tanning Appointments Total Cost January 600 $1,750 February 1,900 $2,110 March 3,400 $2,730 April 2,600 $2,400 May 1,500 $1,800 June 2,400 $2,295 July 2,190 $2,100 August 3,000 $2,630 Required: 1. Which month represents the high point? The low point? High point Low point In your calculations, round per unit costs to the nearest cent. 2. Using the high-low method, compute the variable rate for tanning. Compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent and use it in your further calculations. Round the fixed cost per month to the nearest dollar and use it in your further calculations. Novt Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows: Month Tanning Appointments Total Cost January 600 $1,750 February 1,900 $2,110 March 3,400 $2,730 April 2,600 $2,400 May 1,500 $1,800 June 2,400 $2,295 July 2,190 $2,100 August 3,000 $2,630 Required: 1. Which month represents the high point? The low point? High point Low point In your calculations, round per unit costs to the nearest cent. 2. Using the high-low method, compute the variable rate for tanning. Compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent and use it in your further calculations. Round the fixed cost per month to the nearest dollar and use it in your further calculations. Novt

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Analyzing Tanning Costs High Point Low Point High Point March has the highest total cost at 2730 Lo... View the full answer