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.
Fixed Cost:
Variable Cost per Cavity Filled:
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