GIRI Dental Services is a specialized dental practice whose only service is filling cavities. GIRI has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 400 $5,350 February 325 5,050 March 675 6,600 April 850 6,400 May 425 5,450 June 500 5,850 July 550 6,150 August 310 5,300 5,500 September 450 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate GIRI's total cost for filling 800 cavities. Estimated Total Cost
GIRI Dental Services is a specialized dental practice whose only service is filling cavities. GIRI has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 400 $5,350 February 325 5,050 March 675 6,600 April 850 6,400 May 425 5,450 June 500 5,850 July 550 6,150 August 310 5,300 5,500 September 450 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate GIRI's total cost for filling 800 cavities. Estimated Total Cost
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 4MAD
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