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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 | 625 | $6,350 |
February | 525 | 5,950 |
March | 475 | 5,650 |
April | 375 | 5,350 |
May | 675 | 6,500 |
June | 500 | 5,700 |
July | 325 | 5,150 |
August | 700 | 6,350 |
September | 450 | 5,450 |
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 550 cavities.
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