Question: M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Sherrl's Tan-O-Rama is a local

M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3]

M5-10 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Sherrl'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 500 275 475 450 425 Total Cost $6,400 5,050 6,500 6,350 6,100 5,100 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 ond "Fixed Cost" answer to the nearest dollar amount) Variable Cost per Unit Fixed Cost

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