Witherell Musum of Technology (WMT) provides the following data on the costs of maintenance and the...
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Witherell Musum of Technology (WMT) provides the following data on the costs of maintenance and the number of visitors for the last four quarters: Number of Visitors per Quarter 12,875 15,756 14,149 16,725 Quarterly Staffing Costs $ 404,950 461,600 425,950 465,010 Required: a. Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. b. The museum expects a record 22,600 visitors next quarter because several new conventions have been scheduled. What would be the estimated staffing costs? Complete this question by entering your answers in the tabs below. Required A Required B Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. Note: Round "Variable cost" answer to 2 decimal places. Variable cost per visitor Quarterly fixed cost < Required A Required B > Witherell Musum of Technology (WMT) provides the following data on the costs of maintenance and the number of visitors for the last four quarters: Number of Visitors per Quarter 12,875 15,756 14,149 16,725 Quarterly Staffing Costs $ 404,950 461,600 425,950 465,010 Required: a. Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. b. The museum expects a record 22,600 visitors next quarter because several new conventions have been scheduled. What would be the estimated staffing costs? Complete this question by entering your answers in the tabs below. Required A Required B Use the high-low method to estimate the fixed cost of quarterly staffing and the staffing cost per visitor. Note: Round "Variable cost" answer to 2 decimal places. Variable cost per visitor Quarterly fixed cost < Required A Required B >
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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