If you give me wrong answer, I will give you unhelpful rate Mountain Dental Services is a specialized dental practice whose only service is fillingcavities.Mountain has recorded the following for the past nine months:MonthNumber of Cavities Filled Total CostJanuary400$5,350February 3255,050March6756,600April7006,300May4255,450June5005,850July5506,150August3005,200September 4505,5001. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.(Round your answers to 2 decimal places.)Fixed CostVariable Cost per Unit2. Using these estimates, calculate Mountain's total cost for filling 800 cavities.Estimated Total Cost

Step 1: Define High-Low MethodThe high-low method is the easiest method of segregating fixed and…

Answered: Mountain Dental Services is a…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4MAD

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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.
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Valley Hospital measures the in-patient occupancy of the hospital by determining the number of patient days divided by the number of available bed days in the hospital for a time period. The following in-patient data are available for the months of April, May, and June: April May JuneAdmitted patients 1, 440 1, 860 2, 250 Average length of stay per patient 4.0 days 3.5 days 3.0 daysThe hospital has 200 rooms. One hundred rooms are private and have a single bed per room. The other 100 rooms are semi-private with two beds per room. a. Determine the number of in-patient days for each month.b. Determine the available bed days rate for each month.c. Determine the occupancy rate for each month.d. Interpret the results in (c).
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Month Performed Test Costs $ 67,499 $ 88,980 $ 61,488 $ 53,446 $ 55,339 $ 44,140 $ 49,428 $ 64,665 $ 64,181 5,215 January February March 7,100 4,770 4,120 4,215 3, зе 3,790 5,045 4,955 Аpril Мay June July August September Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) Y = |x
The Valley Hospital measures the in-patient occupancy of the hospital by determining the number of patient days divided by the number of available bed days in the hospital for a time period. The following in-patient data are available for the months of April, May, and June: April May June Admitted patients 1,440 1,860 2,250 Average length of stay per patient 4.0 days 3.5 days 3.0 days The hospital has 200 rooms. One hundred rooms are private and have a single bed per room.The other hundred rooms are semi-private with two beds per room. a. Determine the number of in-patient days for each month. Number of in-patient Days April fill in the blank 1 May fill in the blank 2 June fill in the blank 3 b. Determine the available bed days for each month. Available Bed Days April fill in the blank 4 May fill in the blank 5 June fill in the blank 6 c. Determine the occupancy…
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Please give me answer Accounting
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month Blood Tests Performed Blood Test Costs January 3, 125 $ 14,000 February 3, 500 $ 14, 500 March 2,500 $ 11,500 April 2, 125 $ 10,000 May 2, 250 $ 11,000 June 1,500 $ 8,500 July 1,550 $ 8, 400 August 2, 750 $ 12,000 September 2, 875 $ 13,000 Required: 1. Using the high-low method, estimate the cost formula for blood tests. 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 2,300 blood tests are performed?
The Foster Insurance company developed standard times for processing claims. When a claim was received at the processing center, it was first reviewed and classified as simple or complex. The standard time for processing was: Simple claim Complex claim 45 minutes 3 hours Employees were expected to be productive 8 hours per day. Compensation costs were $92 per day per employee. During April, which had 21 working days, the following number of claims were processed: Simple claims Complex claims 3,050 processed 650 processed Required: a. Calculate the number of workers that should have been available to process April claims. (Do not round intermediate calculations.) b. Assume that 28 workers were actually available throughout the month of April. Calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month. (Round "Efficiency variance, in number of workers" to nearest whole number. Use the rounded number in subsequent calculations. Indicate…
Health-Temp Company is a placement agency for temporary nurses. It serves hospitals and clin-ics throughout the metropolitan area. Health-Temp Company believes it will place temporary nurses for a total of 23,500 hours next year. Health-Temp charges the hospitals and clinics $90per hour and has variable costs of $75.60 per hour (this includes the payment to the nurse). Totalfixed costs equal $321,000.Required:1. Calculate the contribution margin per unit and the contribution margin ratio.2. Calculate the sales revenue needed to break even.3. Calculate the sales revenue needed to achieve a target profit of $100,000.4. What if Health-Temp had target operating income (profit) of $110,000? Would sales revenuebe larger or smaller than the one calculated in Requirement 3? Why? By how much?
Required information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies IDC Allocation, $ 30,000 20,000 10,000 8.500 26,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Final assembly Quality assurance Engineering Determine the indirect cost rate. The indirect cost rate is $ Actual DL Hours 550 1050 650 42 per hour.
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

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