Supply costs at Lattea Corporation's chain of gyms are listed below: Supply Cost $28,561 $28,395 March. April. May June. July. August.. September. October November.. Client-Visits 11,647 11,443 11,975 12,088 11,707 11,193 11,987 11,678 11,826 $28,819 $28,892 $28,622 $28,221 $28,820 $28,578 $28,703 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: O $2.44 per client-visit; $28,623 per month O $1.33 per client-visit; $12,768 per month O $0.79 per client-visit; $19,321 per month O $0.75 per client-visit; $19,826 per month

Supply costs at Lattea Corporation's chain of gyms are listed below: Supply Cost $28,561 $28,395 March. April. May June. July. August.. September. October November.. Client-Visits 11,647 11,443 11,975 12,088 11,707 11,193 11,987 11,678 11,826 $28,819 $28,892 $28,622 $28,221 $28,820 $28,578 $28,703 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: O $2.44 per client-visit; $28,623 per month O $1.33 per client-visit; $12,768 per month O $0.79 per client-visit; $19,321 per month O $0.75 per client-visit; $19,826 per month

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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