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E5-5 Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has
E5-5 Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Number of Cavities Filled 625 525 475 375 675 Total Cost $6,350 5,950 5,650 5,350 6,500 5,700 5,150 6,350 5,450 January February March May July August September 325 700 450 Required 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) 0 Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate Mountain's total cost for filling 550 cavities Estimated Total Cost
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