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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 300 $ 5,000
February 375 5,200
March 550 6,150
April 500 5,700
May 450 5,500
June 525 6,000
July 350 5,100
August 625 6,300
September 600 6,250

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 575 cavities.

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