Homework Help is Here – Start Your Trial Now!
Business
Accounting
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $28,435 April 11,450 $28,344 May 11,982 $28,583 June 12,700 $28,906 July 11,714 $28,462 August 11,200 $28,231 September 11,994 $28,588 October 11,685 $28,449 November 11,833 $28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.

Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $28,435 April 11,450 $28,344 May 11,982 $28,583 June 12,700 $28,906 July 11,714 $28,462 August 11,200 $28,231 September 11,994 $28,588 October 11,685 $28,449 November 11,833 $28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%

Need help with this question

Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $28,435 April 11,450 $28,344 May 11,982 $28,583 June 12,700 $28,906 July 11,714 $28,462 August 11,200 $28,231 September 11,994 $28,588 October 11,685 $28,449 November 11,833 $28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.
Transcribed Image Text:Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $28,435 April 11,450 $28,344 May 11,982 $28,583 June 12,700 $28,906 July 11,714 $28,462 August 11,200 $28,231 September 11,994 $28,588 October 11,685 $28,449 November 11,833 $28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS