Coastal Dental Care is a specialized dental practice whose only service is whitening teeth. Coastal has recorded the following for the past nine months: Month Number of Teeth Whitened Total Cost January 300 February 250 March 550 April 600 May 350 June 400 July 450 August 225 September 375 $4,200 $3,800 $6,200 $6,500 $4,500 $5,200 $5,700 $3,600 $4,700 1. Use the high-low method to estimate total fixed cost and variable cost per whitening. (Round your answers to 2 decimal places.) 2. Using these estimates, calculate Coastal's total cost for whitening 700 teeth.
Coastal Dental Care is a specialized dental practice whose only service is whitening teeth. Coastal has recorded the following for the past nine months: Month Number of Teeth Whitened Total Cost January 300 February 250 March 550 April 600 May 350 June 400 July 450 August 225 September 375 $4,200 $3,800 $6,200 $6,500 $4,500 $5,200 $5,700 $3,600 $4,700 1. Use the high-low method to estimate total fixed cost and variable cost per whitening. (Round your answers to 2 decimal places.) 2. Using these estimates, calculate Coastal's total cost for whitening 700 teeth.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 27E: Alard Manufacturing Company has a billing department staffed by four billing clerks. Each clerk is...
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