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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I just need help finding the variable cost thx
Transcribed Image Text: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 In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.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
Transcribed Image Text: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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