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 In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.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
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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 In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.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.

    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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