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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 | Number of Cavities Filled | Total Cost |
January | 350 | $5,050 |
February | 425 | 5,500 |
March | 400 | 5,300 |
April | 600 | 6,300 |
May | 700 | 6,600 |
June | 500 | 5,850 |
July | 550 | 6,150 |
August | 525 | 6,100 |
September | 300 | 5,000 |
Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.)
2. Using these estimates, calculate Mountains total cost for filling 450 cavities.
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