Question

I need you to solve all of them

Help Save & Ext Submit Chapter 5 Homework Problems Check my work Mountain Dental Services is a specialized dental practice whose only service is nang cavities Mountain has recorded the following for the past nine months Number of Month Cavities Filled January 650 February 500 March 625 April 425 May see June 450 July 575 August September 350 Total Cost $6,200 5,75e 5.55e 5, 55e 5.se 5.15 6,158 6,100 700 5,05 Required: 1 Use the high low method tom te total fixed contand variable cost per cavity fled 2. Using these estimates, calculate Mountain's total cost for filling 400 cavities Complete this question by entering your answers in the tabs below red2 Use the high low method to estimate total fixed cost and variable cost per cavity ruled (Round your Variable cost per unit to 2 decimal places) Food Cont

Answer 1

Solution 1:

Variable cost per Cavity Filled = (Cost at highest point of cavity filled - Cost at Lowest point of cavity filled) / (Highest Cavity level - Lowest cavity level)

= ($6100 - $5050) / (700- 350) = $1050/ 350 = $3.00 per cavity filled

Fixed costs = Total cost - variable cost = $6100 - ($3*700) = $4,000

Solution 2:

Total cost for filling 400 cavities = Fixed cost + Variable cost

= $4000 + ($3*400) = $5,200