Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Required: Number of Cavities Filled 425 450 575 600 350 675 500 475 400 Total Cost $5,400 5,650 6,350 6,250 5,050 Fixed cost Variable cost per cavity filled 6,350 5,650 5,800 5,300 1. Use the high-low method to estimate total fixed cost and variable, cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 525 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. Note: Round your Variable cost per unit to 2 decimal places.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Subject: acounting 

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the
past nine months:
Month
January
February
March
April
May
June
July
August
September
Required:
Number of Cavities
Filled
425
450
575
600
350
675
500
475
400
Total Cost
$5,400
5,650
6,350
6,250
5,050
6,350
5,650
Fixed cost
Variable cost per cavity filled
5,800
5,300
1. Use the high-low method to estimate total fixed cost and variable, cost per cavity filled.
2. Using these estimates, calculate Canyon's total cost for filling 525 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.
Note: Round your Variable cost per unit to 2 decimal places.
Transcribed Image Text:Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Required: Number of Cavities Filled 425 450 575 600 350 675 500 475 400 Total Cost $5,400 5,650 6,350 6,250 5,050 6,350 5,650 Fixed cost Variable cost per cavity filled 5,800 5,300 1. Use the high-low method to estimate total fixed cost and variable, cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 525 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. Note: Round your Variable cost per unit to 2 decimal places.
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