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11 - May 9, ZUZU I Soved The number of blood tests performed and the related costs over the last nine months in Brentline Hospital

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11 - May 9, ZUZU I Soved The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below. Month January February March April Blood Tests Performed 5,115 6,600 4,565 4,015 4,175 3,300 3,875 5,010 5,845 Blood Test costs $ 58,968 $ 73,640 $ 52,478 $ 46,440 $ 48,746 $ 39,320 $ 44,752 $ 56,899 $ 57,958 May June July August September Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4.453 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost

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