Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled 575 475 675 550 300 500 325 400 425 Total Cost $ 6,400 5,350 6,050 6,250 5,150 6,050 5,300 5,050 5,900 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 350 cavities.

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled 575 475 675 550 300 500 325 400 425 Total Cost $ 6,400 5,350 6,050 6,250 5,150 6,050 5,300 5,050 5,900 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 350 cavities.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.6.2P

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