Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon...
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Accounting
Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months:
MonthNumber of Cavities FilledTotal CostJanuary300$ 5,000February3755,200March5506,150April5005,700May4505,500June5256,000July3505,100August6256,300September6006,250
Required:
Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
Using these estimates, calculate Canyons total cost for filling 575 cavities.
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