Question: 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
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 | 475 | $5,850 |
| February | 350 | 5,150 |
| March | 600 | 6,150 |
| April | 325 | 5,150 |
| May | 375 | 5,400 |
| June | 675 | 6,550 |
| July | 525 | 5,950 |
| August | 450 | 5,600 |
| September | 500 | 5,850 |
Required:
1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
2. Using these estimates, calculate Mountains total cost for filling 300 cavities.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
