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1 St. Mark's Hospital contains 540 beds. The occupancy rate varies between 60% and 90% per month, but the average occupancy rate is generally 80%.

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1 St. Mark's Hospital contains 540 beds. The occupancy rate varies between 60% and 90% per month, but the average occupancy rate is generally 80%. In other words, on average, 80% of the hospital's beds are occupied by patients. At this level of occupancy, the hospital's operating costs are $41 per occupied bed per day, assuming a 30-day month. This $41 figure contains both variable and fixed cost elements. This average cost figure drops to $38 when the occupancy rate is 90% (typically during the months of July and August) During June, the hospital's occupancy rate was only 60% and a total of $511.560 in operating costs was incurred during the month. Required: 1-o. Using the high-low method, estimate the variable cost per occupied bed on a daily basis. (Round your answer to 3 decimal places.) 003947 Variable cost 5 7 000 per bed day 1.b. Using the high-low method, estimate the total fixed operating costs per month (Do not round intermediate calculations) Total fled operating costs per month

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