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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 | 400 | $ 5,350 |
February | 325 | 5,050 |
March | 675 | 6,600 |
April | 700 | 6,300 |
May | 425 | 5,450 |
June | 500 | 5,850 |
July | 550 | 6,150 |
August | 300 | 5,200 |
September | 450 | 5,500 |
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 800 cavities.
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