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1.. The number of X-rays taken and X-ray costs over the last nine months in Beverly Hospital are given below: Month X-Rays Taken X-Ray Costs

1.. The number of X-rays taken and X-ray costs over the last nine months in Beverly Hospital are given below:

Month X-Rays Taken X-Ray Costs
January 6,450 $17,000
February 7,200 $18,400
March 5,200 $14,000
April 4,550 $13,000
May 4,800 $13,600
June 3,200 $10,400
July 3,950 $12,000
August 5,700 $15,400
September 5,950 $17,000

Required:
1.

Using the high-low method, estimate the cost formula for X-ray costs. (Round the "Variable cost per X-ray" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.)

Y = $ + $ X

2.

Using the cost formula you derived above, what X-ray costs would you expect to be incurred during a month in which 4,800 X-rays are taken? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

Variable cost $
Fixed cost
Total cost $

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