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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 | 550 | $6,050 |
February | 375 | 5,200 |
March | 325 | 5,000 |
April | 500 | 5,750 |
May | 400 | 5,400 |
June | 650 | 6,400 |
July | 625 | 6,200 |
August | 600 | 6,200 |
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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