managerial accounting help acct 2402 453736
Aug 29, 2021 | Uncategorized
Supply costs at Lattea Corporation’s chain of gyms are listed below:
|
Client Visits |
Supply Cost |
| March |
11,649 |
$28,563 |
| April |
11,445 |
$28,397 |
| May |
11,977 |
$28,821 |
| June |
12,200 |
$28,896 |
| July |
11,709 |
$28,624 |
| August |
11,195 |
$28,223 |
| September |
11,989 |
$28,822 |
| October |
11,680 |
$28,580 |
| November |
11,828 |
$28,705 |
| Management believes that supply cost is a mixed cost that depends on client visits. Using the high low method to estimate the variable and fixed components of this cost, those estimates would be closest to:(Round your Variable cost per unit to 2 decimal places.) |
| |
$1.25 per client visit; $13,664 per month |
| |
$0.67 per client visit; $20,722 per month |
| |
$0.71 per client visit; $20,217 per month |
| |
$2.36 per client visit; $28,625 per month |
