Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: MonthNumber of Cavities FilledTotal CostJanuary300$5,000February6006,150March5756,350April4505,400May5256,150June5506,050July6256,300August3255,200September4005,200 Required: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.

Answered: Image /qna-images/answer/a551f4cf-68d2-4fa9-8e25-6146751eed2c.jpg

Answered: Mountain Dental Services is a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

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.

2. Using these estimates, calculate Mountain’s total cost for filling 425 cavities.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions