Estimate total fixed cost and variable cost

Assignment Help Accounting Basics

Reference no: EM131920580

Problem

Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months:

Month	Number of Cavities Filled	Total Cost
January	575	$6,350
February	625	6,250
March	700	6,400
April	600	6,250
May	525	6,150
June	375	5,400
July	475	5,800
August	350	5,000
September	400	5,400

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 450 cavities.

Reference no: EM131920580

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