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Hello! Can you please provide answers and explanations for the below problems? Thank you. Graph the hospital's overhead costs against the number of patient days.
Hello!
Can you please provide answers and explanations for the below problems? Thank you.
Graph the hospital's overhead costs against the number of patient days. Note: This is for your benefit so that you can answer Question 3; you do not need to submit this graph as part of the assignment. Graph the hospital's overhead costs against nursing hours. Note: This is for your benefit so that you can answer Question 3; you do not need to submit this graph as part of the assignment. Based on the graphs that you drew, do the data appear to be straight forward or do you see any potential problems with the data (i.e, do the data points form straight lines)? Please explain. Using the high-low method, determine the hospital's variable cost per nursing hour, rounded to two decimal places. Now that you have calculated both the variable and fixed portions hospital overhead costs, write out the equation for hospital overhead costs using the high-low method.
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