Question: 6 3 points E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) Canyon Dental Services is a specialized dental practice whose only service

6 3 points E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO5-3) Canyon Dental Services is a specialized dental practice whose only service

6 3 points E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) Canyon Dental Services is a specialized dental practice whose only service is filing cavities. Canyon has recorded the following for the past nine months: Number of Cavities Skipped Month January February March April May June July H August September Required: P Filled Total Cost 650 500 625 425 $6,200 5,758 5,558 5,558 608 450 5,150 575 6,150 700 350 6,200 5,058 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 400 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate total fixed cost and variable cost per cavity filed. Note: Round your Variable cost per unit to 2 decimal places. Fixed cont Variable cost per cavity led Recre Required 2>

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!