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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 | Number of Cavities Filled | Total Cost |
---|---|---|
January | 475 | $ 5,850 |
February | 350 | 5,150 |
March | 600 | 6,150 |
April | 325 | 5,150 |
May | 375 | 5,400 |
June | 675 | 6,550 |
July | 525 | 5,950 |
August | 450 | 5,600 |
September | 500 | 5,850 |
Required:
Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
Using these estimates, calculate Canyons total cost for filling 300 cavities.
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