Question: M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) Sherri's Tan O Rama is a local tanning salon. The following information reflects its number
M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) 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: Month January February March April May June Number of Appointments 275 250 475 225 200 150 Total Cost $6,550 6,400 7,000 5,700 5,300 5,700 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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