E$5-7($Algo$)$ Estimating Cost Behavior Using High$-$Low Method $[$LO $5-3]$

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the follo past nine months:

$\backslash$table$[[$Month$,\backslash$table$[[$Number of Cavities$],[$Filled$]],],[$January$,350,$Total Cost$],[$February$,475,5,200],[$March$,450,5,750],[$April$,425,5,600],[$May$,625,5,550],[$June$,525,6,050],[$July$,500,6,100],[$August$,650,5,700],[$September$,375,6,100],[,,5,250]]$

Required:

Use the high$-$low method to estimate total fixed cost and variable cost per cavity filled.

Using these estimates, calculate Canyon's total cost for filling $400$ cavities.

Complete this question by entering your answers in the tabs below.

Required $1$

Using these estimates, calculate Canyon's total cost for filling $400$ cavities.

Estimated total cost

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months:

$\backslash$table$[[,,],[$Mumber of Cavities,,$],[$January$,$Filled,Total Cost$],[$Jebruary$,350,5,200],[$Febch$,475,5,750],[$March$,450,5,600],[$April$,425,5,550],[$May$,625,6,050],[$June$,525,6,100],[$July$,500,5,700],[$August$,650,6,100],[$September$,375,5,250]]$

Required:

Use the high$-$low method to estimate total fixed cost and variable cost per cavity filled.

Using these estimates, calculate Canyon's total cost for filling $400$ cavities.

Complete this question by entering your answers in the tabs below.

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 cavily filled