Supply costs at Lattea Corporation's chain of gyms are listed below:
Client-Visits Supp...
Business, 02.04.2020 01:00, mistycascaden
Supply costs at Lattea Corporation's chain of gyms are listed below:
Client-Visits Supply Cost
March 11,661 $28,575
April 11,457 $28,409
May 11,989 $28,833
June 13,400 $28,920
July 11,721 $28,636
August 11,207 $28,235
September 12,001 $28,834
October 11,692 $28,592
November 11,840 $28,717
Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost, Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates would be closest to: (Round your Variable cost per unit to 2 decimal places.)
a. $2.00 per client-visit; $28,637 per month
b. $.89 per client-visit; $17,708 per month
c. $0.35 per client-visit; $24,261 per month
d. $0.31 per client-visit; $24,766 per month
Answers: 2
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