The variable cost was 5.40 fixed cost was 1500 After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist whowas retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dentalinstruments has changed. She has gathered the following information from her records:MonthNumber of instruments usedTotal autoclave cost850$6,115January7505,550February9206,551March9506,980April7,7101,150May6,498900June7,6451,050July6,921975August What is the cost formula that Dr. Brown should use for estimating autoclave sterilization costs for next year's budget?Formula of total cost($5.40 ÷ # of instruments) + $1,500.00($5.40 x # of instruments) - $1,500.00($5.40 x # of instruments) + $1,500.00($1,500.00 ÷ # of instruments) + $5.40($1,500.00 x # of instruments) + $5.40($5.40 + # of instruments) - $1,500.00eTextbook and MediaSave for Later($1,500.00 x # of instruments) - $5.40($1,500.00 # of instruments) - $5.40Attempts: 0 of 2 usedSubmit Answer

Variable cost per instrument = (High level activity cost - Low level activity cost)/(High level…

After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $6,115 February 750 5,550 March 920 6,551 April 950 6,980 1,150 7,710 May 900 6,498 June 1,050 7,645 July 975 6,921 August

After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $6,115 February 750 5,550 March 920 6,551 April 950 6,980 1,150 7,710 May 900 6,498 June 1,050 7,645 July 975 6,921 August

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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