Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has...
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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. 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.
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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