Valley Dental Services is a specialized dental practice whose only servic - 9962

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yousafbhutta

yousafbhutta

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  • Posted on: Sat 19 May, 2012
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Request Description

 

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

 

 

 

  Month

Number  of Cavities Filled

 

Total Cost

  January

625        

$

2,800  

  February

700        

 

2,900  

  March

500        

 

2,100  

  April

425        

 

2,000  

  May

450        

 

2,200  

  June

300        

 

1,700  

  July

375        

 

1,800  

  August

550        

 

2,400  

  September

575        

 

2,600  


 

 

 

Required:

 

 

 

(a)

Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your variable cost to 2 decimal places. Omit the "$" sign in your response.)

 

 

 

  Fixed cost

$

  Variable cost per unit

$

 

 

 

(b)

Using the above estimates, calculate Valley’s total cost for filling 500 cavities. (Omit the "$" sign in your response.)

 

 

 

  Estimated total cost

$

 

 

 

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