Answered step by step
Verified Expert Solution
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 | Number of Cavities Filled | Total Cost |
January | 525 | $6,100 |
February | 650 | 6,000 |
March | 550 | 6,100 |
April | 475 | 5,850 |
May | 400 | 5,250 |
June | 625 | 6,400 |
July | 600 | 6,350 |
August | 300 | 5,000 |
September | 700 | 6,600 |
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.)
Fixed Cost | |
Variable cost per unit |
2. Using these estimates, calculate Mountains total cost for filling 450 cavities.
Estimated Total cost |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started