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At Stark Medical Centre, the cost of X-rays has a fixed component and a variable component related to the number of X-rays taken. The cost
At Stark Medical Centre, the cost of X-rays has a fixed component and a variable component related to the number of X-rays taken. The cost and number of X-rays taken at the medical centre for the past seven months are provided below.
Month | Number of X-Rays Taken | Cost of X-Rays |
June | 554 | $2,662 |
July | 828 | $3,893 |
August | 289 | $1,473 |
September | 408 | $2,007 |
October | 540 | $2,600 |
November | 431 | $2,110 |
December | 1,303 | $6,027 |
Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Using the high-low method, what would be the expected X-ray cost incurred for a month in which 537 X-rays are taken? Variable Cost per Unit: $Answer Fixed Cost: $Answer Total Cost Incurred: $Answer
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