Bayshore, Incorporated, has collected the following cost data for various levels of activity: Month April May June July Clients Served 2,700 2,350 1,700 2,100 Variable Cost Fixed Cost Total Cost $ 37,800 32,400 27,000 29,700 Required: Using the high-low method, determine the variable cost per client served and the total fixed cost per month. Note: Round your variable cost to 2 decimal places. per client per month
Bayshore, Incorporated, has collected the following cost data for various levels of activity: Month April May June July Clients Served 2,700 2,350 1,700 2,100 Variable Cost Fixed Cost Total Cost $ 37,800 32,400 27,000 29,700 Required: Using the high-low method, determine the variable cost per client served and the total fixed cost per month. Note: Round your variable cost to 2 decimal places. per client per month
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bayshore, Incorporated, has collected the following cost data for various levels of activity:
Month
April
May
June
July
Clients Served
2,700
2,350
1,700
2,100
Variable Cost
Fixed Cost
Total Cost
$ 37,800
32,400
27,000
29,700
Required:
Using the high-low method, determine the variable cost per client served and the total fixed cost per month.
Note: Round your variable cost to 2 decimal places.
per client
per month
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