ctice Gradebook ORION After 9 from dental school two years ago, Dr. Lauren Faris
ID: 2395951 • Letter: C
Question
ctice Gradebook ORION After 9 from dental school two years ago, Dr. Lauren Farish purchased the dental practice of a long-time dentist who was retiring. In January of r, she is concerned about understanding how her cost for sterillzing her dental instruments has changed. She has gathered the following information her budget for next her records: of I $7,466 6,526 7,148 634 February 834 1,034 1,234 1,134 7,744 8,596 10,009 9,924 August what is the variable cost of sterilizing an insrument using the new equipment? (Round answer to 2 decimal places, e.g. $275,) Variable cost LINK TO VIDE What is the fixed cost of the autoclave equioment? (Round answer to a decimat places. o..8275)Explanation / Answer
Cost Number of Instrument High Activity-July 10,009 1234 Low activity-Feb 6526 534 Change 3,483 700 variable cost per instrumnet: Change in Cost/ Change in Instrument 3483 /700 = $ 4.98 pr instrument Fixed cost: Total cost 10,009.00 Less: Variable cost 6,145.00 Fixed cost: 3,864.00 Total cost Formula: C (X) = $ 3864 + 4.98X Total cost of 1249 instruments: Variable cost (1249 instrument @4.98) 6220 Fixed cost 3864 Total cost of 1249 instruments: 10,084
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