Answered step by step
Verified Expert Solution
Link Copied!

Question

00
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:

image text in transcribedimage text in transcribed

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 Month January Filled Total Cost 400 $5,350 February 325 5,050 March 675 6,600 April 700 6,300 May 425 5,450 June 500 5,850 July 550 6,150 August 300 5,200 September 450 5,500 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 800 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 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

2nd edition

978-0078025518

More Books

Students also viewed these Accounting questions

Question

1. Which is the correct answer? (a) b = 0 (b) b = 5 (c) b = 1

Answered: 1 week ago

Question

can you explain how to solve these?

Answered: 1 week ago

Question

What is an insurable interest? Why is it important?

Answered: 1 week ago