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A hospitals records show that the cost of carrying out health checks in the last five accounting periods have been as follows: PERIOD NUMBER OF
A hospitals records show that the cost of carrying out health checks in the last five accounting periods have been as follows:
PERIOD | NUMBER OF PATIENTS SEEN | TOTAL COST ($) |
1 | 650 | 17,125 |
2 | 940 | 17,800 |
3 | 1,260 | 18,650 |
4 | 990 | 17,980 |
5 | 1,150 | 18,360 |
Required:
Using the High-Low Method of cost estimation and ignoring inflation, determine the estimated total cost of carrying out health checks on 850 patients in period 6.
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