Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Number

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Number of Cavities Month January February March April May June July August September Required: 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 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 800 cavities. 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. Note: Round your Variable cost per unit to 2 decimal places. Fixed cost July August September Required: 550 6,150 300 5,200 450 5,500 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 800 cavities. 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. Note: Round your Variable cost per unit to 2 decimal places. Fixed cost Variable cost per cavity filled 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 800 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using these estimates, calculate Canyon's total cost for filling 800 cavities. Estimated total cost < Required 1 Required 2>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

Advance warning and an explanation for the layoff.

Answered: 1 week ago

Question

Assessment of skills and interests.

Answered: 1 week ago