answer in text form please (without image) **Tan-O-Rama Cost Analysis**Tan-O-Rama is a local tanning salon. The following table provides data on the number of appointments and total costs for the first half of the year:| Month | Number of Appointments | Total Cost ||-----------|------------------------|------------|| January | 225 | $5,350 || February | 350 | $5,800 || March | 275 | $5,450 || April | 200 | $5,750 || May | 400 | $6,500 || June | 300 | $5,950 |**Task:**Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment.**Instructions:**- Round your "Variable cost per unit" answer to 2 decimal places.- Round your "Fixed cost" answer to the nearest dollar amount.**Input Fields:**- Variable Cost per Unit: [Input Box]- Fixed Cost: [Input Box]

Name: answer in text form please (without image) **Tan-O-Rama Cost Analysis*
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Description: answer in text form please (without image) **Tan-O-Rama Cost Analysis**Tan-O-Rama is a local tanning salon. The following table provides data on the number of appointments and total costs for the first half of the year:| Month | Number of Appoint

High Low Method:The high-low method is the method used to separate variable and fixed costs in a…

Business

Accounting

Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half of the year: Month January February March April May June Number of Appointments 225 350 275 Variable Cost per Unit Fixed Cost 200 400 300 Total Cost $ 5,350 5,800 5,450 5,750 6,500 5,950 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. Note: Round your "Variable cost per unit" answer to 2 decimal places and "Fixed cost" answer to the nearest dollar amount.

Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half of the year: Month January February March April May June Number of Appointments 225 350 275 Variable Cost per Unit Fixed Cost 200 400 300 Total Cost $ 5,350 5,800 5,450 5,750 6,500 5,950 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. Note: Round your "Variable cost per unit" answer to 2 decimal places and "Fixed cost" answer to the nearest dollar amount.

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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