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 575 $6,400 February 475 5,350 March 675 6,050 April 550 6,250 May 300 5,150 June 500 6,050 July 325 5,300 August 400 5,050 September 425 5,900 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 350 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 575 $6,400 February 475 5,350 March 675 6,050 April 550 6,250 May 300 5,150 June 500 6,050 July 325 5,300 August 400 5,050 September 425 5,900 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 350 cavities.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Answer numbers 10-12.
Please do not give solution in image format thanku

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Month	Number of Cavities Filled	Total Cost
January	575	$6,400
February	475	5,350
March	675	6,050
April	550	6,250
May	300	5,150
June	500	6,050
July	325	5,300
August	400	5,050
September	425	5,900