Answered step by step
Verified Expert Solution
Link Copied!

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 400 $5,250
February 500 5,850
March 675 6,500
April 525 5,650
May 700 5,900
June 425 5,800
July 600 5,750
August 300 5,400
September 450 5,250

Required:

1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.

Fixed cost = ?

Variable cost per cavity filled = ?

2. Using these estimates, calculate Mountains total cost for filling 800 cavities.

Estimated total cost = ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

17th Edition

0077304454, 978-0077304454

More Books

Students also viewed these Accounting questions