Sherris Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total
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Question:
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 | 225 | $ | 5,350 | ||||
February | 350 | 5,800 | |||||
March | 275 | 5,450 | |||||
April | 200 | 5,750 | |||||
May | 400 | 6,500 | |||||
June | 300 | 5,950 | |||||
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.) | |||||
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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