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.)
|
|
|
| Variable Cost Per Unit |
|
| Fixed Costs |
|
|