Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Larry's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue.
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A portion of Larry's operating information for the company's last year follows:
Using the high-low method results, calculate the store's expected operating cost if it printed 440 jerseys.
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| Month |
Number of
Jerseys Printed |
Operating
Cost |
| January |
215 |
5,835 |
| February |
195 |
5,685 |
| March |
230 |
5,930 |
| April |
550 |
8,575 |
| May |
675 |
9,770 |
| June |
655 |
9,260 |
| July |
455 |
6,230 |
| August |
375 |
6,175 |
| September |
310 |
6,005 |
| October |
230 |
5,960 |
| November |
185 |
4,960 |
| December |
175 |
4,800 |
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Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per uniform. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
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| Variable cost per unit |
$ |
| Fixed cost |
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