Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 11.00

Kylie Hepworth

Kylie Hepworth has been operating a beauty shop in a college town for the past 10 years. Recently, Kylie rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would be primarily fixed but found that tanning salon costs increased with the number of appointments. Costs for this service over the past eight months are as follows:

Month                          Tanning Appointments                             Total Cost

January

700

$1,758

February

2,000

2,140

March

3,100

2,790

April

2,500

2,400

May

1,500

1,800

June

2,300

2,275

July

2,150

2,200

August

3,000

2,640

 

Required

1.    Which month represents the high point? The low point?

2.    Using the high-low method, compute the variable rate for tanning. Compute the fixed cost per month.

3.    Using your answers to Requirement 2, write the cost formula for tanning services.

4.    Calculate the total predicted cost of tanning services for September for 2,500 appointments using the formula found in Requirement 3. Of that total cost, how much is the total fixed cost for September? How much is the total pre- dicted variable cost for September?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 10:08 PM My Price 11.00

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