What is the VC for this please? I came up with 1.44 but getting a message this is incorrect. After graduating from dental school two years ago, Dr. Lauren Farish purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $7,600 February 750 6,800 March 920 8,200 April 950 8,600 May 1,150 9,900 June 900 8,100 July 1,050 9,600 August 975 8,700 (a) Partially correct answer icon Your answer is partially correct. Identify the high and low points. Activity Level $ High point 1150 9900 Low point 750 6800 Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer to 2 decimal places, e.g. 52.75.) Variable cost per instrument
What is the VC for this please? I came up with 1.44 but getting a message this is incorrect. After graduating from dental school two years ago, Dr. Lauren Farish purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $7,600 February 750 6,800 March 920 8,200 April 950 8,600 May 1,150 9,900 June 900 8,100 July 1,050 9,600 August 975 8,700 (a) Partially correct answer icon Your answer is partially correct. Identify the high and low points. Activity Level $ High point 1150 9900 Low point 750 6800 Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer to 2 decimal places, e.g. 52.75.) Variable cost per instrument
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 17E
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What is the VC for this please? I came up with 1.44 but getting a message this is incorrect.
After graduating from dental school two years ago, Dr. Lauren Farish purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records:
Month
|
Number of instruments used
|
Total autoclave cost
|
|||||
---|---|---|---|---|---|---|---|
January
|
850 | $7,600 | |||||
February
|
750 | 6,800 | |||||
March
|
920 | 8,200 | |||||
April
|
950 | 8,600 | |||||
May
|
1,150 | 9,900 | |||||
June
|
900 | 8,100 | |||||
July
|
1,050 | 9,600 | |||||
August
|
975 | 8,700 |
(a)
Partially correct answer icon
Your answer is partially correct.
Identify the high and low points.
Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer to 2 decimal places, e.g. 52.75.)
Activity Level | $ | |||
---|---|---|---|---|
High point
|
1150 | 9900 | ||
Low point
|
750 | 6800 |
Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer to 2 decimal places, e.g. 52.75.)
Variable cost | per instrument |
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