Help please p 5 HWSavedHelpSave & ExitSubmitCheck my work1Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following forthe past nine months:Number ofCavities Filled Total Cost$5,0006,1506,3505,4006,1506,0506,3005,2005,200MonthJanuaryFebruaryMarch300600AprilMayJune575450525ВookJulyAugustSeptember550625325400HintRequired: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.PrinterencesComplete this question by entering your answers in the tabs below.Required 1Required 2Use 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.)Fixed Cost8Variable Cost per cavity filledRequired 1Required 2 >< Prev1 of 4Next >%24 HelpSave & ExitSuSavedChp 5 HWCheck my w1Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following forthe past nine months:Number ofCavities Filled Total Cost$5,0006,1506,3505,4006,1506,0506,3005,2005,200Monthpoints300JanuaryFebruaryMarch600575450AprilMayJune525550625325eBookJulyAugustSeptember400HintRequired: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.PrintReferencesComplete this question by entering your answers in the tabs below.Required 1Required 2I II I I ..Using these estimates, calculate Mountain's total cost for filling 425 cavities.Estimated Total CostRequired 1Required 2

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Description: Help please p 5 HWSavedHelpSave & ExitSubmitCheck my work1Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following forthe past nine months:Number ofCavities Filled Total Cos

High Point = 625 Number of Cavities Low Point = 300 Number of Cavities

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Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Number of Month January February Cavities Filed Total Cost $5,000 6,150 6,350 5,400 6,150 6,050 6,300 5,200 5,200 300 March April May June July August September 600 575 450 525 550 625 325 400 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.

Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Number of Month January February Cavities Filed Total Cost $5,000 6,150 6,350 5,400 6,150 6,050 6,300 5,200 5,200 300 March April May June July August September 600 575 450 525 550 625 325 400 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.

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 15.3APR: Cost classifications for a service company A partial list of Foothills Medical Centers costs...

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Ch. 8 Question 7 Please solve and answer the following quesitons: Question 7 Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional information: Selling costs are expected to be 6 percent of sales.Fixed administrative expenses per month total $1,200.Required:Determine Shadee's budgeted selling and administrative expenses for May and June.
Ww.233. You can charge $350 for a new service that has annual fixed costs of $1,652,100. Demand is anticipated to be just over 5,000 units of volume per year. The business will be divided among five payers: program 1 will cover 50% of charges for 15% of the patients; program 2 will pay 70% of charges for 15% of the patients, program 3 will pay 85% of charges for 5% of the patients, program 4 will pay 80% of charges for 15% of the patients, and program 5 will pay 90% of charges for 50% of the patients. Variable cost per unit of service is $200 and capacity available for the service is 9,500 units. What is the breakeven point for the opportunity? Would you pursue the opportunity? follow the atach exa.mple
Q. 2 A company contemplating the acceptance of a special order has the following unit costs based on 10,000 units:
Ch. 8 Homework Question 6 Please answer and solve the following Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31 and 25 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: 1. Determine Shadee’s budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) 2. Determine Shadee's budgeted cost of goods sold for May and June.
Exercise 5-35 (Algo) Methods of Estimating Costs: High-Low, Ethical Issues (LO 5-4) Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years. Number of Visitors per Year(thousands) Maintenance Costs($000) 1,850 $ 3,025 2,030 3,322 2,500 4,000 Required: a. Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor. b. The company expects a record 2,400,000 visitors next year. What would be the estimated maintenance costs?
Ch. 7 Incremental Analysis Pg 461 Self Practice Please solve the following questions and provide and explanation. Thank you "Big Tent Company has received a special order for 10,000 units at a discount price of $100 each. The product sells for $150, has the following manufacturing costs: " Cost Per Unit Direct Materials $40 Direct Labor $ 20 Variable Manufacturing Overhead $ 20 Fixed Manufacturing Overhead $30 Totaul Unit Cost $110 1) Assume Big Top has enough extra capacity to fill the order without affecting the production or sale of it's product to regular customers. If Big Top accepts offer, what effect will the roder have on the company's short-term profit? 2) If Big Top is at full capacity, what price would be needed to cover all incremental costs, including opportunity costs?
Q – 5: Bettina Company incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials $15 Direct labor$7.5 Variable manufacturing overhead$3 Variable selling and administrative expenses$6 Fixed costs per year: Fixed manufacturing overhead . . . . . . . . . . . . . . . . . $45,000 Fixed selling and administrative expenses . . . . . . . $150,000 During the last year, 15,000 units were produced and 12,500 units were sold. The Finished Goods inventory account at the end of the year shows a balance of $63,750 for the 2,500 unsold units. Required: 1. Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer. 2. Assume that the company wishes to prepare ﬁnancial statements for the year to issue to its stockholders. a. Is the $63,750 ﬁgure for Finished Goods inventory the correct amount to use on these…
Q.4 Standard cost systems provide companies with a number of advantages, argue the statement. Following are the details of Abbass Industries for the period ended June 30, 2020. Company establish standard on its normal capacity of 120,000 units/hours in a year: Direct Material 600,000 kgs at Rs. 9 per kg Direct Labor 4 hours per unit at Rs. 6 per hour Factory overhead: Fixed cost Rs. 240,000 per year or Rs. 20,000 per month. Variable Cost Rs. 4.50 per hour. During the one month of operation, company produced 11,000 units. Direct material used: 60,500 kgs at Rs. 9.10 per kg Direct labor used:…
Cost classifications for a service company A partial list of Foothills Medical Centers costs follows: A. Cost of patient meals B. Nurses' salaries C. Depreciation of X-ray equipment D. Utility costs of the hospital E. Salary of intensive care personnel F. Cost of X-ray test G. Operating room supplies used on patients (catheters, sutures, etc.) H. Salary of the nutritionist I. General maintenance of the hospital J. Cost of new heart wing K. Cost of drugs used for patients L. Cost of advertising hospital services on television M. Cost of improvements on the employee parking lot N. Cost of intravenous solutions used for patients O. Training costs for nurses P. Cost of laundry services for operating room personnel Q. Doctor's fee R. Overtime incurred in the Patient Records Department due to a computer failure S. Cost of blood tests T. Cost of maintaining the staff and visitors' cafeteria U. Depreciation on patient rooms Instructions 1. What would be Foothills Medical Center's most logical definition for the final cost object? 2. Identify whether each of the costs is to be classified as direct or indirect. For purposes of classifying each cost as direct or indirect, use the patient as the cost object.
Ch. 8 Quesiton 6 (a) Please solve and explain the following problem: Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31 and 25 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: 1. Determine Shadee’s budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) 2. Determine Shadee's budgeted cost of goods sold for May and June. (Do not round…
Ch. 8 Homework 4(a) Please solve and provide method to solve the following problem: Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Required:1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate calculations. Round your answers…