Question: Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months:
Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Required: Number of Cavities Filled 650 500 625 425 600 450 575 700 350 Total Cost $ 6,200 5,750 5,550 5,550 5,850 5, 150 6,150 6,100 5,050 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.
Step by Step Solution
3.60 Rating (164 Votes )
There are 3 Steps involved in it
SOLUTION 1 To estimate total fixed cost and variable cost per cavity filled using the highlow method ... View full answer
Get step-by-step solutions from verified subject matter experts
