INDIRA Dental Care is a specialized dental clinic whose only service is teeth whitening. INDIRA has recorded the following for the past nine months: Month Number of Procedures Total Cost January 380 $5,120 February 295 $4,750 March 600 $6,200 April 725 $6,900 May 350 $5,000 June 480 $5,850 July 525 $6,300 $4,600 $5,400 August 270 September 410 1. Use the high-low method to estimate total fixed cost and variable cost per procedure. (Round answers to 2 decimal places.) 2. Using these estimates, calculate GRACE's total cost for performing 700 procedures.

INDIRA Dental Care is a specialized dental clinic whose only service is teeth whitening. INDIRA has recorded the following for the past nine months: Month Number of Procedures Total Cost January 380 $5,120 February 295 $4,750 March 600 $6,200 April 725 $6,900 May 350 $5,000 June 480 $5,850 July 525 $6,300 $4,600 $5,400 August 270 September 410 1. Use the high-low method to estimate total fixed cost and variable cost per procedure. (Round answers to 2 decimal places.) 2. Using these estimates, calculate GRACE's total cost for performing 700 procedures.

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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