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Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month
Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled 575 475 675 550 300 500 325 400 425 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 350 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Total Cost $ 6,400 5,350 6,050 6,250 5,150 6,050 5,300 5,050 5,900 Fixed cost Variable cost per cavity filled Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Note: Round your Variable cost per unit to 2 decimal places. $ $ 3,970 3.60
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