acct 353 Ch3 HW Fal, 2017 Problem 3 Weber Valley Regional Hospital has collected data on all of its activitis for the past 16 months. Data for cardiac nursing care follow: Cost Hours of Nursing Care May 2013 $59,600 1,400 June 2013 57,150 1,350 July 201361,110 1,460 August 2013 65,800 1,600 September 2013 69,500 1,700 tober 2013 64,250 1,550 November 2013 52,000 1,200 6,000 1,600 January 2014 83,000 1,800 February 2014 66,550 1,330 h 201479,500 1,700 April 2014 76,000 1,600 May 2014 68,500 1,400 June 2014 73,150 1,550 uly 2014 73,175 1.505 August 2014 66,150 1,290 December 2013 6 Required: a. Using the high-low method, calculate the variable rate per hour and the fixed cost for the nursing care activity. Run a regression on the data, using hours of nursing care as the independent variable. Predict cost for the cardiac nursing care for September 2014 if 1,400 hours of nursing care are forecast 2014? Evaluate the regression equation. How comfortable are you with the predicted cost for September b