INDIRA Dental Care is a specialized dental clinic whose only service is teeth whitening. INDIRA has recorded the following for the past nine months: Number of Procedures Total Cost Month January 380 February 295 March 600 April 725 May 350 June 480 July 525 August 270 $5,120 $4,750 $6,200 $6,900 $5,000 $5,850 $6,300 $4,600 $5,400 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: Number of Procedures Total Cost Month January 380 February 295 March 600 April 725 May 350 June 480 July 525 August 270 $5,120 $4,750 $6,200 $6,900 $5,000 $5,850 $6,300 $4,600 $5,400 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...

See similar textbooks

Similar questions

ABC, health care. Crosstown Health Center runs two programs: drug addict rehabilitation and aftercare (counseling and support of patients after release from a mental hospital). The center’s budget for 2017 follows.
Provide fast answer ASAP PLEASE
Want Answer please provide Solutions with explanation
Please don't answer in handwritten..thanku
Alard Manufacturing Company has a billing department staffed by four billing clerks. Each clerk is paid 32,000 per year and is able to process 8,000 bills. Last year, 27,360 bills were processed by the four agents. Calculate the unused capacity in terms of number of bills. a. 27,360 b. 4,640 c. 8,000 d. 32,000
Question： A hospital uses a type of disinfectant for cleaning at an annual rate of 1000 bottles. The disinfectant normally costs the hospital $3 per bottle. The annual inventory holding cost is $0.80 per bottle and it costs $16 to place an order with the supplier. The supplier o§ers a 4% discount on orders of at least 400 bottles and a 7% discount for at least 800 bottles.Determine1. The hospitalís optimal order quantity and minimum total annual cost; 2. The number of orders per year.
Kk133.
Please help me. Thankyou.
Draw a graph of the cost behavior for each of the following costs incurred by the Mountain Summit Hospital. The hospital measures monthly activity in patient days. Label both axes and the cost line in each graph.1. The cost of food varies in proportion to the number of patient days of activity. In January, the hospital provided 3,000 patient days of care, and food costs amounted to $24,000.2. The cost of salaries and fringe benefits for the administrative staff totals $12,000 per month.3. The hospital’s laboratory costs include two components: (a) $40,000 per month for compensation of personnel and depreciation on equipment and (b) $10 per patient day for chemicals and other materials used in performing the tests.4. The cost of utilities depends on how many wards the hospital needs to use during a particular month. During months with activity under 2,000 patient days of care, two wards are used, resulting in utility costs of $10,000. During months with greater than 2,000 patient days…
Health Cooperative is an outpatient surgical clinic. It budgets $829,900 of overhead cost for the year. The two main surgical units and their data follow. Service General surgery Orthopedic surgery 1. Compute a single plantwide rate, assuming the company allocates overhead cost based on 860 budgeted surgeries. 2. In May of this year, the company performed 33 general surgeries and 27 orthopedic surgeries. Allocate overhead to each of the two types of surgeries for May using the single plantwide overhead rate. Budgeted Surgeries 530 330 Complete this question by entering your answers in the tabs below. Required 1 Required 2 In May of this year, the company performed 33 general surgeries and 27 orthopedic surgeries. Allocate overhead to each of the two types of surgeries for May using the single plantwide overhead rate. General surgery Orthopedic surgery Plantwide Overhead Rate Number of Surgeries Allocated Cost
The NYU hospital has an arrangement with Queens College to provide hospital care to the QC’s members at a specific rate per member, per month. In April the QC paid the hospital $500,000 per agreement for patients treated in March. Based on pre-established billing rates, the hospital would have billed the QC $600,000. How much revenue should NYU recognized? $0 $500,000 $600, which is correct
Required 1 Required 2 In May of this year, the company performed 36 general surgeries and 30 orthopedic surgeries. Allocate the two types of surgeries for May using the single plantwide overhead rate. General surgery Orthopedic surgery Plantwide Overhead Rate Number of Surgeries Allocated Cost