Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)use high-low method to estimate total fixed cost and variable cost per cavity filled 2) using these estimates, calculate mountains total cost for filling 800

image text in transcribedimage text in transcribed
1)use high-low method to estimate total fixed cost and variable cost per cavity filled
2) using these estimates, calculate mountains total cost for filling 800 cavities image text in transcribed
image text in transcribed
Month January February March April May June July August September Number or Cavities Filled Total Cost 400 $5,350 325 5,050 675 6,600 700 6,300 425 5,450 500 5,850 550 6,150 300 5,200 450 5,500 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places. Fixed Cost Variable Cost per cavity filled 3,888 3 88 Month January February March April May June July August September Number of cavities Filled 400 325 675 700 425 500 550 300 450 Total Cost $5,350 5,050 6,600 6,300 5,450 5,850 6,150 5,200 5,500 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using these estimates, calculate Mountain's total cost for filling 800 cavities. Estimated Total Cost $ 6,992

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

14th edition

130565353X, 978-1305887510, 1305887514, 978-1305653535

Students also viewed these Accounting questions