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	Number of Cavities Filled	Total Cost
January	300	$5,000
February	600	6,150
March	575	6,350
April	450	5,400
May	525	6,150
June	550	6,050
July	625	6,300
August	325	5,200
September	400	5,200

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 425 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.) $ 2 Fixed Cost Variable Cost per cavity filled $ 4,950.00 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 425 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 425 cavities. Estimated Total Cost