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: Number of Cavities Month January Filled Total Cost 300 $ 5,000 February 650 6,050 March 325 5,200 April 475 5,750 May 550 6,050 June 575 6,200 July 600 6,250 August 350 5,100 September 700 6,600 Required: 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 450 cavities.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
