Question: M5-8 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

M5-8 Estimating Cost Behavior Using High-Low Method [LO 5-3) Sherri's Tan-O-Rama

M5-8 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 Total Month January Number of Appointments 5.800 5,200 6,450 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 Food Cost

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