Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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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.
Correct answer please
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