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 ¼ $51,400 þ ($125 3 Number of Patient Days)
The term ‘‘Number of patient days’’:
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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John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
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Related Book For 
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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