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
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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 425 $5,400 450 5,650 575 6,350 600 6,250 350 5,050 675 6,350 500 5,650 475 5,800 400 5,300 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 525 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 p 2 decimal places.) Fixed Cost Variable Cost per cavity filled Required 1 Required 2 > 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 525 cavities. Estimated Total Cost
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