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Anderson Urgent Care provides the following data regarding the most recent six months of operations. Month Number of patient visits Total costs January 449 $23,100
Anderson Urgent Care provides the following data regarding the most recent six months of operations.
Month | Number of patient visits | Total costs |
January | 449 | $23,100 |
February | 479 | $27,700 |
March | 403 | $21,200 |
April | 487 | $25,700 |
May | 456 | $24,100 |
June | 387 | $21,400 |
Use the high-low method to compute the fixed cost component. (Round to the nearest whole dollar, e.g., $123.)
$4,300 | ||
$6,500 | ||
$459 | ||
$4,759 |
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