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 Cavite Filled 625 525 475 375 675 500 325 200 450 Total Cost $6,350 5,950 5.650 5,350 6,500 5.700 5,150 6,350 5,450 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 550 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.) Fred Cost Variable Cost per cavity filed Required 2 > 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 550 cavities. Estimated Total Cos!

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

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

4th Edition

0073379352, 9780073379357

More Books

Students also viewed these Accounting questions

Question

Describe some examples of business documents.

Answered: 1 week ago