Given data below answer the question. E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Canyon

Given data below answer the question.

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E5-7 (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 following for the past nine months: Number of Cavities int int ences March April May June ook Month January February Filled Total Cost 300 $ 5,100 375 5,300 625 6,350 400 5,200 650 6,300 600 6,300 July 350 5,000 August 675 6,300 September 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 Canyon's total cost for filling 700 cavities. Complete this question by entering your answers in the tabs below. E5-7 (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 following for the past nine months: Number of Cavities int int ences March April May June ook Month January February Filled Total Cost 300 $ 5,100 375 5,300 625 6,350 400 5,200 650 6,300 600 6,300 July 350 5,000 August 675 6,300 September 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 Canyon's total cost for filling 700 cavities. Complete this question by entering your answers in the tabs below.