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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: Number
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 Cavities Filled Total Cost Month January February 525 650 $6,100 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. 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 filled < Required 1 Required 2 > 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 Cavities Filled Total Cost Month January February 525 $6,100 650 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. 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 Using these estimates, calculate Mountain's total cost for filling 450 cavities. Estimated Total Cost < Required 1 Required 2 Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 400 Total costs Variable costs Fixed costs 600 750 $ 52,000 180,000 $232,000 $ 78,000 180,000 $258,000 $ 97,500 180,000 $277,500 Variable cost per unit $ 130.00 $ 130.00 450.00 $ 130.00 300.00 240.00 Total costs Cost per unit Fixed cost per unit Total cost per unit $ 580.00 $ 430.00 $ 370.00 Riverside sells its canoes for $660 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $760 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Net Operating Income % % Contribution Margin Income Statement %
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