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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 400 $5,350 February 325 5,050 March 675 6,600 April 700 6,300 May 425 5,450 June 500 5,850 July 550 6,150 August 300 5,200 September 450 5,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Estimated Total Cost

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 400 $5,350 February 325 5,050 March 675 6,600 April 700 6,300 May 425 5,450 June 500 5,850 July 550 6,150 August 300 5,200 September 450 5,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Estimated Total Cost

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 400 $5,350 February 325 5,050 March 675 6,600 April 700 6,300 May 425 5,450 June 500 5,850 July 550 6,150 August 300 5,200 September 450 5,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Estimated Total Cost
Transcribed Image Text: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 400 $5,350 February 325 5,050 March 675 6,600 April 700 6,300 May 425 5,450 June 500 5,850 July 550 6,150 August 300 5,200 September 450 5,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your answers to 2 decimal places.) Fixed Cost Variable Cost per Unit 2. Using these estimates, calculate Mountain's total cost for filling 800 cavities. Estimated Total Cost
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