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

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 550 $ 6,050 February 375 5,200 March 325 5,000 April 500 5,750 May 400 5,400 June 650 6,400 July 625 6,200 August 600 6,200 September 300 5,000 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. 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 filled.. Note: Round your Variable cost per unit to 2 decimal places. Fixed cost Variable cost per cavity filled

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To estimate the total fixed cost and variable cost per cavity filled using the highlow method we nee... View full answer

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

Document Format (2 attachments)

PDF file Icon

663ddff98894e_961458.pdf

180 KBs PDF File

Word file Icon

663ddff98894e_961458.docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!