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 | 600 | $6,150 |
February | 375 | 5,250 |
March | 500 | 5,850 |
April | 675 | 6,500 |
May | 525 | 6,100 |
June | 550 | 5,950 |
July | 625 | 6,000 |
August | 300 | 5,000 |
September | 325 | 5,000 |
Required:
1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
2. Using these estimates, calculate Mountains total cost for filling 750 cavities.
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