The following cost formula was developed by using monthly data for a hospital. Total Cost $51,400

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The following cost formula was developed by using monthly data for a hospital.

Total Cost ¼ $51,400 þ ($125 3 Number of Patient Days)

The term $51,400:

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.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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