The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 +
Question:
The following cost formula was developed using monthly data for a hospital.
Total cost = $51,400 + ($125 × Number of patient days)
The term ‘‘Total cost’’
a. is the variable rate.
b. is the intercept.
c. is the dependent variable.
d. is the independent variable.
e. cannot be determined from the above formula.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
c is the dependent variable The term Total cost in the cost ...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term $125 a. is the variable rate. b. is the intercept. c. is the...
-
The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term Number of patient days a. is the variable rate. b. is the...
-
The following cost formula was developed by using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term $51,400 a. is the variable rate. b. is the intercept. c....
-
Classify antigen-antibody reactions. Describe the various types of agglutination/precipitation reactions along with examples. 40 marks
-
During 2015, Karen, a single taxpayer, reports the following income and expense items relating to her interior design business: Revenues $52,000 Cost of goods sold 41,000 Advertising 3,300 Office...
-
Lysozyme is an enzyme that breaks bacterial cell walls. A solution containing 0.150 g of this enzyme in 210 mL of solution has an osmotic pressure of 0.953 torr at 25 oC. What is the molar mass of...
-
Find on the Internet "Managing the Business Risk of Fraud: A Practical Guide". Who sponsored this guide?
-
For the past several years, Shane Banovich has operated a part-time consulting business from his home. As of October 1, 2012, Shene decided to move to rented quarters and to operate the business as...
-
Please help Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt; its beta is 1.55...
-
A project for improving a billing process has the following precedence relationships and activity times: a. Draw the network diagram. b. Calculate the slack for each activity. Which activities are on...
-
Which of the following would probably be a fixed cost in an automobile insurance company? a. Application forms b. Time spent by adjusters to evaluate accidents c. The salary of customer service...
-
The following cost formula for total purchasing cost in a factory was developed using monthly data. Purchasing cost =$123,800 + ($15 Number of purchase orders) Next month, 2,000 purchase orders are...
-
USA Today College published an article with the headline Positive Correlation Found between Gym Usage and GPA. Explain what a positive correlation means in the context of this headline.
-
1. What type of securities offerings do not need to be registered with the SEC? 2. List the three types of bank participants in an underwriting syndicate and their core responsibilities, in order of...
-
CoursHeroTranscribedText Utica Manufacturing (UM) was recently acquired by MegaMachines, Inc. (MM), and organized as a separate division within the company. Most manufacturing plants at MM use an ABC...
-
Data relating to stores item "A" are as follows. Daily use: 300 units Lead time for re-supply: 5 - 20 days Reorder quantity: 10,000 units Required what should be the reorder level for this stock...
-
Illustration 4 - Reapportionment of service cost centre costs The total overheads allocated and apportioned to the production and service departments of LS Ltd are as follows. Assembly = $17,350...
-
Leslie Company has identified an activity cost pool to which it has allocated estimated overhead of P1,920,000. It has determined the expected use cost drivers for that activity to be 160,000...
-
A cubical piece of heat-shield tile from the space shuttle measures 0.10 m on a side and has a thermal conductivity of 0.065 J/(s m C). The outer surface of the tile is heated to a temperature of...
-
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
-
The Walt Disney Corporation has four major sectors, described as follows: ¢ Media Networks: The ABC television and radio network, Disney channel, ESPN, A&E, E!, and Disney.com. ¢ Parks and...
-
Data for Midas Mining Company is presented in the following table of rates of return on investment and residual incomes: Determine the missing items, identifying each item by the appropriateletter....
-
Data for the North, East, South, and West Divisions of Columbia Wireless Communication Company are as follows: a. Determine the missing items, identifying each by the letters (a) through (l). b....
-
12.13 NVCC Lab: Binary Expression Tree A binary expression tree is a specific kind of a binary tree used to represent expressions. The leaves of the binary expression tree are operands, and the int...
-
The Salaries Payable account of James Bay Company Limitedappears below:Salaries Payable 24,480 Bal. Jan. 1, 2020Entries during 2020 410,250 396,000 Entries during 2020The company records the salar 2...
-
Program Name: GolfGames.java Golfing Emporium wants a program to help them analyze their clients' putt-putt golf games. They want to be able to easily get information from the different golf scores....
Study smarter with the SolutionInn App