Answered step by step
Verified Expert Solution
Question
1 Approved Answer
-- Any help is much appreciated! Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following
--
Any help is much appreciated!
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April May June Number of Cavities Filled Total Cost 375 $5,300 500 5,850 350 5, 200 600 6, 250 325 5, 150 475 5,700 525 6,100 575 6,300 450 5, 550 July August September 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 Required 1 Required 2 Using these estimates, calculate Mountain's total cost for filling 400 cavities. Estimated Total CostStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started