Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E5-7 (Algo) 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

image text in transcribed
image text in transcribed
E5-7 (Algo) 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 Month January February March April May June July August September Number of cavities Filled Total Cont 300 $5,100 375 5,300 625 6,350 400 5,200 650 6,300 600 6,300 350 5,000 675 6,300 550 6,000 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain's total cost for filling 700 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 (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled 3 Raquina Required 2 > E5-7 (Algo) Estimating Cost Behavior Using High-Low Method (LO 5-3) Mountain Dental Services is a specialized dental practice whose only service is filling cavitles. Mountain has recorded the following for the past nine months Namber of Month Cavities Filled Total Coat January 300 $5,100 February 375 5,300 March 625 6,350 April 400 5,200 May 650 6,300 June 6,300 July 350 5,000 August 675 6,300 September 550 6,000 600 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain's total cost for filling 700 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using these estimates, calculate Mountain's total cost for filling 700 cavities. Estimated Total Cost Required 1 Records

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

Managerial Accounting

Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.

9th Edition

1618533622, 9781618533623

More Books

Students also viewed these Accounting questions