Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has...
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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: Number of Cavities Month Filled Total Cost $5,100 5,300 6,350 5,200 6,300 6,300 5,000 6,300 6,000 January 300 February March 375 April Мay June 625 400 650 600 July August September 350 675 550 Required: 1. Use the high-low method to estimate tota fix and ble cost per cavity (Round your answers to lecimal places.) Fixed Cost Variable Cost per $ 3.60 Unit 2 decimal places required. 2. Using these estimates, calculate Mountain's total cost for filling 700 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: Number of Cavities Month Filled Total Cost $5,100 5,300 6,350 5,200 6,300 6,300 5,000 6,300 6,000 January 300 February March 375 April Мay June 625 400 650 600 July August September 350 675 550 Required: 1. Use the high-low method to estimate tota fix and ble cost per cavity (Round your answers to lecimal places.) Fixed Cost Variable Cost per $ 3.60 Unit 2 decimal places required. 2. Using these estimates, calculate Mountain's total cost for filling 700 cavities. Estimated Total Cost
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Solution 1 Use the highlow method to estimate total fixed cost a... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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