I just need help finding the variable cost thx 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 In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.Now, as she is preparing her budget for next year, she is concerned about understanding how her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 Identify the high and low points.Activity Level24High point1150$47710Low point7505550Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer tdecimal places, e.g. 52.75.)$4Variable costper instrument%24

Variable cost = (High activity cost - lowest activity cost)/(high activity level - lowest activity…

Identify the high and low points. Activity Level 24 High point 1150 24 7710 Low point 750 5550 Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round decimal places, e.g. 52.75.) 2$ per instrument Variable cost %24

Identify the high and low points. Activity Level 24 High point 1150 24 7710 Low point 750 5550 Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round decimal places, e.g. 52.75.) 2$ per instrument Variable cost %24

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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Question

I just need help finding the variable cost thx

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 In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.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
850
$6,115
January
750
5,550
February
920
6,551
March
950
6,980
April
7,710
1,150
May
6,498
900
June
7,645
1,050
July
6,921
975
August

Identify the high and low points.
Activity Level
24
High point
1150
$4
7710
Low point
750
5550
Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer t
decimal places, e.g. 52.75.)
$4
Variable cost
per instrument
%24

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