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Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,666...

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Accounting

Supply costs at Coulthard Corporation's chain of gyms are listedbelow: Client-Visits Supply Cost March 11,666 $ 28,349 April 11,462$ 28,296 May 11,994 $ 28,434 June 13,900 $ 28,930 July 11,726 $28,365 August 11,212 $ 28,231 September 12,006 $ 28,438 October11,697 $ 28,357 November 11,845 $ 28,396 Management believes thatsupply cost is a mixed cost that depends on client-visits. Use thehigh-low method to estimate the variable and fixed components ofthis cost. Compute the variable component first, rounding off tothe nearest whole cent. Then compute the fixed component, roundingoff to the nearest whole dollar. Those estimates are closest to:(Round your intermediate calculations to 2 decimal places.)Multiple Choice $1.95 per client-visit; $28,366 per month $.84 perclient-visit; $18,258 per month $0.30 per client-visit; $24,811 permonth $0.26 per client-visit; $25,316 per month

Answer & Explanation Solved by verified expert
4.4 Ratings (807 Votes)
Month Client Visits Supply cost Mar 11666 28349 Apr 11462 28296 May 11994 28434 Jun 13900 28930 Jul 11726 28365 Aug 11212 28231 Sept 12006 28438 Oct 11697 28357 Nov    See Answer
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