Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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Sherri's 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 Appointments 500 275 475 450 425 350 Month Cost January February March 6,400 5,050 6,500 6,350 6,100 5,100 April May June Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (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 Sherri's 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 Appointments 500 275 475 450 425 350 Month Cost January February March 6,400 5,050 6,500 6,350 6,100 5,100 April May June Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (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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Highlow method Variable cost per unit Difference in cost Difference in appointment Fixed cos... View the full answer
Related Book For
Introduction to Probability and Statistics
ISBN: 978-1133103752
14th edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
Posted Date:
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