Supply costs at a chain of gyms are listed below: Clien…
Supply costs at a chain of gyms are listed below: Client-Visits Supply Cost March 11,657 $ 28,402 April 11,453 $ 28,324 May 11,985 $ 28,526 June 13,000 $ 28,912 July 11,717 $ 28,424 August 11,203 $ 28,229 September 11,997 $ 28,531 October 11,688 $ 28,413 November 11,836 $ 28,470 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. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to:Note: Round your intermediate calculations to 2 decimal places.