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This is a 2 part question. Help is greatly appreciated. Will rate! Thanks in advanced. E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3)

This is a 2 part question. Help is greatly appreciated. Will rate! Thanks in advanced. image text in transcribed
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E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) 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 Filled Total Cost January 375 $5,400 February 400 5,350 March 600 8,200 625 May 475 5,800 June 650 6,050 300 5,050 August 675 6,550 September 425 5,650 April 6,150 July 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 700 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 filed Required 2 > 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 700 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 700 cavities. Estimated Total Cost

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