Question: E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain
![E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66e99e42a5f96_43366e99e41f27af.jpg)

E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled Total Cost 300 $5,100 375 5,300 625 6,350 400 5, 200 650 6,300 600 6,300 350 675 6,300 550 6,000 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 Mountain's total cost for filling 700 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. (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled Total Cost 300 $5,100 375 5,300 625 6,350 400 5, 200 650 6,300 600 6,300 350 5,000 675 6,300 550 6,000 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain's total cost for filling 700 cavities. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using these estimates, calculate Mountain's total cost for filling 700 cavities. Estimated Total Cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
