Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I know the answers just need help with the formulas that go in the yellow please B C E F G H I K N

I know the answers just need help with the formulas that go in the yellow please

image text in transcribed

B C E F G H I K N o P Q R 2 4 L M 1 Functions: MAX, MIN, SLOPE, INTERCEPT; Formula: Add, Multiply; Cell Referencing 3 E2.10 - Using Excel to Use the High-Low Method Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use 5. After graduating from dental school two years ago, Dr. the MAX, MIN, SLOPE, and INTERCEPT functions with cell references to 6 Lauren Farish purchased the dental practice of a long-time the Problem area or work area, and mathematical formulas with cell 7 dentist who was retiring. She purchased the practice in references to the Problem or work area as indicated. 8 January of this year and immediately had to replace the 9 outdated autoclave equipment she inherited from the previous 10 dentist. Now, as she is preparing her budget for next year, a. Use Excel's MAX and MIN functions to identify the high and low data 11 she is concerned about understanding how her cost for points to be used with the high-low method. Then use the SLOPE 12 sterilizing her dental instruments has changed. She has function to determine the variable cost per unit of sterilizing an 13 gathered the following information from her records. instrument using the new equipment. Activity Level Cost High activity level Low activity level Number of Total Autoclave Instruments Used Cost 850$ 7,600 750 6,800 920 8,200 950 8,600 1,150 9,900 900 8,100 1,050 9,600 975 8,700 Month January February March April May June July August Variable cost per unit b. Use Excel's INTERCEPT function to determine the fixed cost of the autoclave equipment? Total fixed costs 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 c. What is the cost formula that Dr. Farish should use for estimating autoclave sterilization costs for next year's budget? Total cost = ( ) + X d. Dr. Farish is estimating instruments for next month, what cost should she include in her budget for instrument sterilization for the following Number of instrument 900 Budgeted 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_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

Linear Algebra and Its Applications

Authors: David C. Lay

4th edition

321791541, 978-0321388834, 978-0321791542

More Books

Students also viewed these Accounting questions