Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 300 $5,000 February 600 6,150 March 575 6,350 April 450 5,400 May 525 6,150 June 550 6,050 July 625 6,300 August 325 5,200 September 400 5,200 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain’s total cost for filling 425 cavities.
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 300 $5,000 February 600 6,150 March 575 6,350 April 450 5,400 May 525 6,150 June 550 6,050 July 625 6,300 August 325 5,200 September 400 5,200 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain’s total cost for filling 425 cavities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months:
| Month | Number of Cavities Filled | Total Cost |
| January | 300 | $5,000 |
| February | 600 | 6,150 |
| March | 575 | 6,350 |
| April | 450 | 5,400 |
| May | 525 | 6,150 |
| June | 550 | 6,050 |
| July | 625 | 6,300 |
| August | 325 | 5,200 |
| September | 400 | 5,200 |
Required:
1.
Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places.)
|
|
|
1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
2. Using these estimates, calculate Mountain’s total cost for filling 425 cavities.
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