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After graduating from dental school two years ago, Dr.Nancy Jackson purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $7,410 February 750 6.775 920 7,895 April 950 8,345 1,150 June July 1,050 975 8.304 August March May 9.215 7,828 900 9.080 Your answer is correct. Identify the high and low points. Activity Level $ 1150 $ 9215 High point 750 6775 Low point Using the high-low method, what is the variable cost of sterilizing an instrument using the new equipment? (Round answer to 2 decimal places, eg. 52.75.) 6.10 Variable cost per instrument 6.10 Variable cost per instrument e Textbook and Media Attempts: 1 of 3 used (6) What is the fixed cost of the autoclave equipment? (Round answer to 2 decimal places, e.g. 52.75.) Fixed cost $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later (c) The parts of this question must be completed in order. This part will be available when you complete the part above 16

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