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:

Month	Number of Appointments	Total Cost
January	325	5,900
February	375	6,200
March	300	5,650
April	350	5,450
May	275	5,550
June	450	6,250

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.)