Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 Cost
350
$5,050
425
5,500
400
5,300
600
6,300
700
6,600
500
5,850
550
6,150
525
6,100
300
5,000
image text in transcribed
image text in transcribed
350 Mountain Dental Services is a specialized dental practice whose only service is filling cavities, Mountain has recorded the following for the past nine months Mamber of Month cavities Filled Total Cost January $5,050 February 425 5,500 March 400 5,300 April 600 6,300 May 6.600 June 500 5,850 July 550 6,150 August 525 6,100 September 300 5.000 700 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 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 tiled 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 Month cavities Filled total cost January 350 $5,050 Tebruary 425 5,500 March 400 5,300 April 600 6,300 May 700 6,600 June 500 5,850 550 6,150 Nugust 525 6,100 September 300 5,000 July 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) Using these estimates, calculate Mountain's total cost for filing 450 cavitles. Estimated Total Cost (Required 1

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

Basic Accounting Auditing Concepts Internal Auditing And Guiding

Authors: Bertram Bessette

1st Edition

B09PMFWVSJ, 979-8796265253

More Books

Students also viewed these Accounting questions

Question

=+and show that the infimum and supremum are always achieved.

Answered: 1 week ago