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
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: ences Number of Month Cavities Falled Total Cost January 300 $5,200 Tebruary 500 5,650 March 550 6,000 April 700 6,400 May 475 5.850 June 425 5.400 July 5,200 August 575 6.200 September 400 5,350 350 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 450 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Swed Help Save Ch5 Homework 11 February March April May 500 550 700 475 425 350 575 400 5.650 6,000 6,400 5,850 5.400 5,200 6,200 5,350 1 points July August Septenber eBook 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 450 cavities. References 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 Required 2 > 11 February March April May June July August September 500 550 700 475 425 5,650 6,000 6,400 5,850 5,400 5,200 6,200 5,350 350 575 400 Book Hint 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 450 cavities. ferences Complete this question by entering your answers in the tabs below. Required 1 Requid 2 Using these estimates, calculate Mountain's total cost for filling 450 cavities. Estimated Total Cost

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

Step: 3

blur-text-image

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

Financial Accounting The Impact On Decision Makers

Authors: Gary A. Porter, Curtis L. Norton

6th Edition

0324655231, 978-0324655230

More Books

Students also viewed these Accounting questions

Question

=+4. What do you think?

Answered: 1 week ago