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5t. Mark's Hospilal contains 520 beds. The occupancy rate varies between 60% and 90% per month, but the average occiuponcy rate is generally 80% in

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5t. Mark's Hospilal contains 520 beds. The occupancy rate varies between 60% and 90% per month, but the average occiuponcy rate is generally 80% in other words, on average, 805 of the hospital's beds are occupied by patiento. At this level of oceupancy, the hospital's operating costs are $39 per occupied bed per day, assuming a 30 -day month. This $39 figute contains both variable and fixed cost elements. This average cost figure drops to $36 when the occupancy rate is 90% ftypically during the months of Jidy and August. During June, the hospital's occupancy rate was only 60% and a total of $467.120 in operating costs was incurred during the month. Required: 1-a. Using the highilow method, estimate the variable cost per occupled bed on a daily basis. (Round your answer to 3 decimal places.) 1-b. Using the high-low method, estimate the total fixed operating costs per month. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) 1.b. Using the high-low method, estimate the total fixed operating costs per month. (Do not round intermediate calculations. Aound your answer to the nearest whole dollar amount.) 2. Assume an occupancy rate of 70% per month. What amount of total operating cost would you expect the hospital to incur? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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