Question: M5-8 Estimating Cost Behavior using High-Low Method [LO 531 Shes Tan-O-Rama is a local tanning salon. The following information reflects its number or appointments and

M5-8 Estimating Cost Behavior using High-Low Method [LO 531 Shes Tan-O-Rama

M5-8 Estimating Cost Behavior using High-Low Method [LO 531 Shes Tan-O-Rama is a local tanning salon. The following information reflects its number or appointments and total costs for the first half of the year: Number of Tolal Month January Febriuary March Apnil May June 150 500 375 300 325 475 5,600 7000 6,600 5,100 5,300 6,900 Using the high-low method, calculate the total fixed cost per month and the varlable cost per tanning appolintment (Round your "Varlable Cost per Unlt" answer to 2 declmal places and "Fixed Cost" answer to the nearest dollar amount.) riable Cost per Unit Fixed Cost References eBook & Resources Dimcuity: 1 Easy M5-8 Estimating Cost Behavior Using High-Low Method [LO 5-3] Leaming Objective: 05-03 Use the high-low method to estimate cost behavior Check my work

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