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2 The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests
2 The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Test 3:54:36 Month Performed Costs January 3,970 $31,500 February 4,550 $35,040 March 3,195 $25,827 April 2,840 $23,196 May 2,905 $24,276 June 2,100 $18,380 July 2,655 $21,718 August September 3,845 $30,168 3,620 $29,256 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) Y= he incurred during a month in Y = 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 3,350 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost < Prev 12 of 35 Next >
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