es The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Y = Blood Tests Blood Test Costs $14,000 $14,500 $11,500 $10,000 $11,000 Performed 3,125 3,500 2,500 2,125 2,250 1,500 1,550 2,750 2,875 Variable cost Fixed cost Total cost $ 8,500 $ 8,400 Required: 1. Using the high-low method, estimate the cost formula for blood tests. $12,000 $13,000 X 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 2,300 blood tests are performed?

The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Required: 1. Using the high-low method, estimate the cost formula for blood tests. 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 2,300 blood tests are performed